Sole Proprietorship
Quick Reference for Your Business
Key Features • Registrations • Compliance – everything you need to know about Sole Proprietorship.
Owned and run by one person; not a separate legal entity.
Identity is built through registrations + a bank account.
Owner and business are the same — unlimited personal liability.
Taxed as the individual (proprietor's ITR), not as a separate entity.
of the proprietor
Recommended for all businesses
If turnover crosses the limit, or for inter-state / e-commerce sales
(Telangana)
in the business name + business address proof
| License / Registration | When needed |
|---|---|
| Trade License (GHMC / local body) | Any business within municipal limits — renew yearly (by 1 Dec in GHMC) |
| Udyam (MSME) Registration | Recommended for all — free, unlocks benefits & loans |
| Shop & Establishment | If you employ staff — within 30 days |
| GST Registration | On crossing the turnover limit / inter-state / e-commerce |
| Professional Tax (PTRC / PTEC) | Employers and self-employed (Telangana) |
| PF & ESI | PF at 20+ employees; ESI at 10+ employees (wages up to ₹21,000) |
| Sector-specific licenses | FSSAI (food), Factory + Pollution (mfg), IEC (import/export), Drug License (pharma) — as applicable |
| What | When |
|---|---|
| Income Tax Return (proprietor) | 31 July (non-audit) |
| GST returns (if registered) | As per GST due dates |
| TDS / advance tax | As applicable |
A real, qualified Chartered Accountant
Not an agent — a CA who sets it up right and keeps it compliant.
End-to-end setup
Registration, PAN / TAN, GST, bank account and first filings — all in one place.
You never miss a date
We track every annual deadline — no penalties, no strike-off.
Cross-border experience
India, UK and US structures with FEMA and DTAA handled correctly.
Clear updates in your language
Simple updates in Telugu and English — you always know where things stand.
Talk to a Chartered Accountant
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