About MyOnlineCFO

MyOnlineCFO.in is leading interactive portal for Business Management and Process Implementation Services which provides Virtual CFO Services and Compliances Management Services to the clients spread over PAN India.

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A sole proprietorship essentially means that it is a one-man-show. This kind of a business is owned, managed and handled by a single person whose in complete control of each and every aspect of the business. Its where a single entity is held accountable for elements like profit, loss, debt etc. which also indicates that there is not really any distinction between the owner and the business entity. Its also one of the most common types of businesses opted by small businesses in India’s unorganized sectors who expect to have a limited existence. Obviously, its one of the easiest to start with very few requirements regarding the regulatory compliance for incorporation like a few registrations which MyOnlineCFO can help you manage within 7-10 days(subject to government processing time).

Proprietorship Startup Process

Since Proprietorship is the simplest form of business hence there is no specific process for incorporation.


Method 1-Service Tax Registration: –
One such method is Service Tax Registration. Service Tax Registration takes 7-10 days subject to government processing time.

Method 2-MSME Registration: –
Another method of establishing identity of a proprietorship business is through MSME registration. It will take 5 to 10 days for MSME Registration subject to government processing time.

Method 3-Shop & Establishment Registration: –
Another One and popular method of registration under shop & Establishment Act. This Registration takes 7-10 days subject to government processing time.