A Proprietorship Firm (also known as a Sole Proprietorship) is the simplest and most commonly used form of business in India. It is ideal for individuals who want to start a business on their own , with full control over operations and minimal compliance requirements.
A proprietorship firm is owned, managed, and controlled by one individual , making it easy to start, operate, and manage.
At JHA Financial Services (JFS) , we provide complete assistance for Proprietorship Firm registration and documentation , ensuring your business starts smoothly and complies with applicable regulations.
A proprietorship firm is a business owned and operated by a single individual , where the owner and the business are considered the same legal entity. The proprietor enjoys complete control over business decisions and profits but is also personally responsible for all liabilities.
This form of business is widely preferred by small traders, professionals, freelancers, and local service providers.
Since proprietorships are not registered under a separate act, the business is recognized through registrations such as:
Use the proprietor’s PAN and business registration documents to open a current bank account in the business name.
Complete guidance on business setup
Assistance in GST, MSME & other registrations
Simple and transparent process
Affordable pricing
Reliable professional support
There is no separate registration for proprietorship firms, but business registrations like GST or Shop & Establishment act as proof of existence.
Yes, a proprietorship firm can hire employees as per business requirements.
GST registration is required if turnover exceeds the prescribed limit or if the business falls under mandatory GST provisions.
Yes, a current account can be opened using the proprietor’s PAN and business registration documents.
The proprietor has unlimited liability , meaning personal assets may be used to settle business debts.
Yes, it can later be converted into a Partnership, LLP, or Company as the business grows.
Usually 2–5 working days , depending on the required registrations.
If you are planning to start a proprietorship business, JHA Financial Services (JFS) is here to help you with accurate documentation and smooth setup.