Proprietorship in Sion
In short: Ofin Legal provides proprietorship services for businesses in Sion, Mumbai, 100% online, so you never need to visit an office. Start a sole proprietorship — the simplest way for an individual to run a business. Ofin helps set up the registrations a proprietor needs to operate and bank. Fees start at ₹2,899 (inclusive of GST). A shop or office in Sion with ten or more workers must register under the Maharashtra Shops and Establishments Act, 2017.
Reviewed by Sagar Ruparelia, Founder & Head, Ofin Legal.Updated
How Ofin handles proprietorship for Sion businesses
- Share your details and documents online, with no need to visit our Mulund office.
- Our CA/CS team checks every document before filing to avoid rejections and resubmissions.
- We prepare and file the application with the Maharashtra Labour Department (Aaple Sarkar portal) and keep you updated at each stage.
- You receive the approval, certificate or acknowledgement by email, plus guidance on next compliance steps.
What a business in Sion should know
About Sion
Sion is in Mumbai City district, under Brihanmumbai Municipal Corporation (BMC/MCGM). Its railway station is on the Central line of the Mumbai Suburban Railway. Sion lies at the northern edge of Mumbai City district (BMC F/North ward).
Source: Mumbai City CollectorateShops and Establishments registration
Under the Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2017 (Mah. Act LXI of 2017), an establishment employing ten or more workers must apply online for registration (section 6). An establishment employing fewer than ten workers only has to give an intimation of commencement of business (section 7). The Maharashtra Labour Department's Right to Services page links shop and establishment registration to the state's Aaple Sarkar portal (aaplesarkar.mahaonline.gov.in).
Source: India Code: Maharashtra Shops and Establishments Act, 2017GST state code 27
GST registrations in Maharashtra use state code 27, so every GSTIN issued to a business here begins with “27”. Applications are filed online on the GST portal.
Source: CBIC GST registration flier and state code listProprietorship packages in Sion
Proprietorship Registration
From ₹2,899
- GST Registration
- Guidance to file Udyam / MSME Registration on the free government portal
- Update of Bank Details of GST Portal post bank account opening
Proprietorship with Accounting
5 inclusions
- GST Registration
- Guidance to file Udyam / MSME Registration on the free government portal
- Update of Bank Details of GST Portal post bank account opening
- GST Return Filing
- Bookkeeping
Proprietorship Setup & Compliance Services
7 inclusions
- GST Registration
- Guidance to file Udyam / MSME Registration on the free government portal
- Update of Bank Details of GST Portal post bank account opening
- GST Return Filing
- Bookkeeping
- ITR-3 Filing
- Financial Statement Preparation
Advantages of a Sole Proprietorship
Easy Formation
- Starting a sole proprietorship is much easier and less complicated than starting any other type of business, and also much cheaper. Proprietorship can be named after the name of owner, or a fictitious name can be used to enhance the business marketing or any name of owner’s choice.
Tax Benefits
- The owner of a sole proprietorship does not have to file a separate business tax return. Instead, the business information and figures will be listed in individual return. The business will be taxed at the rates of personal income tax and not at corporate tax rates. The owner can claim the deductions available to an individual, to the extent the chosen tax regime allows them.
Disadvantages of a Sole Proprietorship
Formation
- Though formation of a Proprietorship is easy, banks ask for two documents in the business’s name as proof of the business, such as GST, Udyam or shops and establishments registration (RBI’s Know Your Customer Directions, 2025 for commercial banks). A small business below the GST threshold can use other documents from the RBI list instead of registering for GST.
Unlimited Liability
- The owner and the business is not treated separately in a sole proprietorship. The owner is made responsible for all the debts, losses or violations coming from business. For example if the business must pay any debts or losses, it will be satisfied from the owner’s personal funds.
Lack of continuity
- The business does not continue if the owner becomes incapable of running the business. Sole proprietorship does not have perpetual succession.
Difficulty in raising capital
- Since the initial funds are generally introduced by the owner, sometimes it can be difficult to get capital. It’s not possible for a sole proprietorship to raise capital by way of diluting shares. Banks are also reluctant at times to give advances to Proprietorships.
Proprietorship in Sion: FAQs
How much does Proprietorship cost in Sion?
Ofin Legal’s fee for Proprietorship in Sion, Mumbai starts at ₹2,899 (inclusive of GST). The Proprietorship Registration package includes GST Registration, Guidance to file Udyam / MSME Registration on the free government portal, Update of Bank Details of GST Portal post bank account opening. You receive a fixed-price proposal before you pay.
Does a proprietorship in Sion need Shop Act registration?
Under the Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2017 (Mah. Act LXI of 2017), an establishment employing ten or more workers must apply online for registration (section 6). An establishment employing fewer than ten workers only has to give an intimation of commencement of business (section 7). The Maharashtra Labour Department's Right to Services page links shop and establishment registration to the state's Aaple Sarkar portal (aaplesarkar.mahaonline.gov.in).
Do I need to visit an office in Sion for Proprietorship?
Usually not. Ofin Legal handles Proprietorship online: you share scanned documents and the team prepares and files them. If the authority calls you in, Ofin tells you what to bring. If you prefer to meet, Ofin’s office is at Shanti Bhuvan, C-3, Dr Rajendra Prasad Rd, Near Mulund Railway Station, Siddharth Nagar, Mulund West, Mumbai 400080 (Mon-Fri 10 AM-6 PM, Sat 10 AM-4 PM).
Do I need to consult Ofin to start a Proprietorship?
If you are planning on starting a proprietorship, you should be fully aware of various pros and cons that are involved in such a business. It would be a wise decision to consult Ofin before you start a proprietorship.
How many persons are required to a Proprietorship?
A proprietorship can have only one promoter. Therefore only one person is required to start a proprietorship.
What are the requirements to start a Proprietorship?
A resident individual can start a proprietorship in their own name and PAN. NRIs and OCIs can also invest in a proprietary concern in India on a non-repatriation basis without approval, as long as it is not in agriculture or plantation, print media or real estate business (RBI Master Direction on Foreign Investment, Annex 4 Part B). The investment and its gains cannot be taken out of India.
What documents are required to start a Proprietorship?
The proprietor’s PAN, identity proof and address proof are enough to start a proprietorship. To open a current account, banks also need two documents in the business’s name as proof of the business, such as GST, Udyam or shops and establishments registration, or one at the bank’s discretion after it verifies the business at your address.
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