Starting a proprietary concern or proprietary firm is a simple process. There is no formal registration to be done. An Individual / sole trader (or one person firm) intending to do business or profession, can register the concern under Goods and Service Tax Act (GST), Profession Tax Act or Shops and Establishment act or Udyog Aadhar (MSME)

+ Can a Business name be given for Proprietary Concern?

Yes. The business can be operated in the Individual’s name or a formal name can be given to perform the business.

We at KPV Advisory Private Limited, have helped hundreds of individuals to set up proprietary concern in Secunderabad. This is a very cost effective form of starting the business.