Documents Required For Registration of a Sole Proprietorship

Following are the necessary documents:-

1. A copy of PAN card of the proprietor:- The business and the Proprietor are seen as the same. Thus, the proprietor can use their PAN card for opening bank accounts, obtaining licenses/ registrations/ certificates in the name of the sole proprietorship and filing income tax return for the sole proprietorship.
2. A copy of Aadhaar card/election I-card:- Id proof of the proprietor is mandatory.
3. Address of office:-

1. Rented Property:  a) Rent agreement and NOC from a landlord.                                                                  
2. Self-owned Property: Electricity bill or any other address proof.

4. Nature of business:-

• Service based business:- Business providing services to consumers online or offline. Such businesses need the following two documents to open a current account:-

• Service tax certification.
• Chartered Accountant Certification regarding nature of business. (Required by some private banks)

• Product manufacturing/ Sales business:- Businesses selling products to consumers online or offline. Businesses selling VAT applicable products fall in this category. They need the following documents:

• Shop and Establishment License.
• VAT/ Sales Tax/ TIN registration.

• Cancelled cheque.
• Bank statement, not more than three months old.