Traditional Setups
Sole Proprietorship vs Partnership Firm
Lightweight, low-cost structures for solo operators and shared ventures — activated with the right tax registrations.
Sole Proprietorship Desk
A proprietorship is owned by a single individual with no separate legal identity from its owner. It is established by securing multiple local tax registrations — Udyam Registration, GSTIN, and Shop Act local licenses — to activate corporate current bank accounts.
- ● Single-window registration with Udyam Aadhaar linkage
- ● GSTIN provisioning for B2B invoicing
- ● State Shop & Establishment Act licensing
- ● Current account opening kit for banks
Partnership Firm Desk
A shared venture formed by 2 or more individuals under the Indian Partnership Act, 1932, requiring a custom Partnership Deed executed on stamp paper, a dedicated firm PAN card, and an independent Form ITR-5 return filing.
- ● Custom-drafted Partnership Deed on adequate stamp paper
- ● Firm PAN application & registrar filing
- ● Optional registration with the Registrar of Firms
- ● Annual ITR-5 filings with profit-sharing schedules