One owner, one bank account and minimal paperwork. We help you set up registrations that give your business a legal footing.
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Get started Learn moreA proprietorship is a business run and owned by one individual. The owner and the business are the same in law, so the owner receives all profits and carries all liabilities personally. There is no separate incorporation filing, and credibility is built through other registrations.
Free MSME registration that unlocks schemes and easier credit.
Needed once you cross the threshold or sell across states or online.
Required for most commercial premises, as per state rules.
Use a business account in your trade name.
Municipal permission for certain businesses.
For food and regulated trades.
| Private Ltd | LLP | OPC | Partnership | Proprietorship | |
|---|---|---|---|---|---|
| Owners | 2 to 200 shareholders | 2 or more partners | 1 member plus nominee | 2 or more partners | 1 person |
| Separate legal entity | Yes | Yes | Yes | No | No |
| Owner liability | Limited to shares | Limited to contribution | Limited to shares | Unlimited | Unlimited |
| Raising equity | Easy | Limited | Limited | Limited | Not possible |
| Compliance load | Moderate to high | Moderate | Lower than Pvt Ltd | Low | Very low |
No single incorporation exists. You usually rely on Udyam, GST, licences and bank account proof.
Yes. Many owners convert to a private company or LLP as they grow.
Yes. Consider trademark protection for the name.
Only if your turnover or activities require it.
Speak to an expert and get a clear plan and quote.