Within 24 working hours your process will be done after completing the process with us, we will update you through email or phone about your status and if more details are required.

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below:

• A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;
• A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore;
• A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.

Any entrepreneur having valid Aadhaar Number can apply for Udyog Adhaar Registration Online.

GST registration is not compulsory for the registration of the owner company, but it also depends on the activity and turnover of the company. It is at the owner’s sole discretion whether to register.

A sole proprietorship can raise capital by taking out loans to support the business. This business entity is not registered as an independent business but is operated under the name and personal responsibility of the owner.

Sole proprietorship businesses generally need less work and are easier to take care of than partnerships or corporations. The accounting and record keeping strategies are sometimes straightforward and easy in proprietorship and business owner is accountable just for the debts and liabilities.

Sole Proprietorships usually require a general business license to legally conduct their business, Udyam Registration is enough for starting out. If the owner has another business activity, such as a grocery store, a Fssai license is required, and an IEC code is required for import and export. All licenses are dependent on the company you work for.