A proprietorship firm is owned, managed and controlled by an individual called proprietor.  Proprietorship is the easiest way to start the business and have minimal regulatory compliance.

For a Proprietorship Firm Registration, there is no separate registration required. Moreover, there is no procedure for obtaining name approval (as in the case of companies).  

There is no mechanism provided by the Government to form the proprietorship firm. Proprietorship may be start by just opening a bank account with the firm name and doing some Government Registration. There is no separate Income Tax PAN is required in the name of Proprietorship firm. The PAN of the proprietor will be the PAN of the firm and proprietor will have to file income tax return in his personal name.