Sole Proprietorship Registration

1. Business Name Selection & Verification

We help you choose a unique and relevant name for your sole proprietorship. While registration isn’t mandatory, name reservation helps in brand building and legal clarity.

2.Apply for GST Registration (If Applicable)

For businesses with turnover exceeding the threshold or involved in inter-state trade, GST is mandatory. We manage document submission, filing, and registration.

3. UDYAM Registration (MSME)

Registering under UDYAM gives your business MSME benefits. We assist with quick online registration, helping you avail subsidies and tax exemptions.

4. Apply for Shop & Establishment License (Optional)

We help you obtain this license if your local municipality or business sector requires it. It legalizes your physical place of work.

5. Bank Account Opening

Using the PAN, Aadhaar, GST/UDYAM certificates, and address proof, we guide you in opening a current account in the business name.

Tax Benefits of a Sole Proprietorship in Chennai

Simplified Business Tax Filing: Income is taxed under the individual’s name, reducing complexity and avoiding corporate taxation.

Eligible for Business Deductions: All business-related expenses, including rent, utility bills, and marketing, are deductible under the Income Tax Act 1961 .

MSME Tax Incentives: With UDYAM registration, proprietors can avail subsidies and priority sector benefits from banks and government schemes.

No Dividend Distribution Tax (DDT): Profits earned by the sole proprietor are not subject to additional dividend tax.