Starting a solo business in India is one of the simplest ways to turn your skills or ideas into income. A sole proprietorship is easy to set up, cost-effective, and ideal for first-time entrepreneurs.
Here’s a simple 4-step roadmap to help you start your solo business legally and confidently.
Start by selecting a unique business name that reflects your work. A sole proprietorship can be started using your PAN and Aadhaar, and you can check name availability online to avoid conflicts.
This step forms the basic identity of your business.
Depending on your business type and turnover, you may need certain registrations:
GST Registration – Required if turnover exceeds ₹20 lakhs or for interstate sales
MSME Udyam Certificate – Helps access government benefits and recognition
Shops & Establishment License – Issued by the local authority
These registrations help your business stay compliant and credible.
Opening a current bank account in your business name helps keep personal and business finances separate.
Commonly required documents include:
GST / MSME / Shop License (as applicable)
Business letterhead and stamp
A dedicated bank account makes transactions more professional and transparent.
Some businesses require additional licenses based on their industry:
FSSAI License for food-related businesses
IEC Code for import/export activities
E-commerce registrations for payment gateways like UPI or Razorpay
Maintain basic accounts using tools like Excel, Zoho, or Vyapar to track income and expenses.
With the right registrations and basic compliance, you can run your solo business legally, professionally, and stress-free. Starting right from day one builds trust and prepares your business for future growth.
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YouBiz Solutions LLP is a DPIIT-recognized business advisory firm helping startups and businesses with registration, taxation, accounting, and compliance.
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