Registration & Documents for New Business | Documents required for Sole Proprietorship Business

In this video, I have shared the documents required for registering as a sole proprietor.
The following documents are required for the registration of a sole proprietorship:
• Aadhaar Card & PAN Card
• Address proof (Electricity Bill, Sale Deed, Tax Receipt)
• Rent Agreement, if rented, and NOC from the owner
• Additional details: Name of the shop, passport-sized photo, mobile number, email ID, savings account details, etc.

Where is to register your sole proprietorship & the Process:
1. Shop & Establishment Act license/Shop Act license/{Gumasta-within 30 days from the beginning of business/60 days in special cases}
2. Trade License: Issued by the local municipal corporation or the respective state government authority.
3. Udyam Aadhaar Registration (for MSMEs): Not mandatory but beneficial to register.
4. GST Registration: Required if turnover exceeds the threshold or if you plan to sell online (e.g., on Flipkart, Amazon, etc.).
5. Current Account: Apply for a current account to handle business transactions.

Additional License requires to obtain (Only in special cases):
• Manufacturing License: If you are a manufacturer.
• Specific Field Licenses: Such as an OSP license for IT services, an FSSAI license for food chains, a Drug License for pharmaceuticals, Ayush License for Ayurvedic product trading.
• Other Relevant Registrations: Any additional licenses related to your specific type of business.
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Видео Registration & Documents for New Business | Documents required for Sole Proprietorship Business канала CA Samir Maske