KHARIAR (AUTONOMOUS) COLLEGE KHARIAR , NUAPADA



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To run a proprietorship in India, you need important licenses and registrations, including:

  • Get a Permanent Account Number (PAN) and an Aadhaar card for your business identification.
  • Register under UDYAM, which recognizes your business as a Micro, Small, or Medium Enterprise (MSME) and offers government benefits.
  • If your business exceeds specific thresholds, you must register for Goods and Services Tax (GST) to collect and pay GST.
  • Open a separate bank account for your business to manage finances smoothly.
  • Depending on your business location, register under your state's Shops and Establishment Act to follow local labor regulations.