Meaning of Sole Proprietorship Business ?

A sole proprietorship (also known as individual entrepreneurship, sole trader, or simply proprietorship) is a type of an unincorporated entity that is owned by one individual only. In other words, the identity of the owner or the sole proprietor coincides with the business entity. It is the easiest form of business done in India since it isn’t governed by any specific laws. Under sole proprietorship’s, the compliance’s are minimal and easy to fulfil. Sole Proprietorship means a business carried on by one person. The decision making and management of the business is in the hands of a single person. 

Benefits of Sole Proprietorship Business  -
  • Sole proprietorships are easy to establish. 
  • You can protect the name of your sole proprietorship. 
  • There's no limit to the number of people you can hire. 
  • You have complete control as the owner. 
  • Sole proprietorships are often a stepping stone to incorporation. 
  • Personal liability.

Why is Sole Proprietorship Suitable for your Business?

It Should be noted that Sole Proprietorship is the easiest and quickest business form to Kickstart your business if you have limited funds and resources. Besides, it is the most feasible form of business if you want to execute your business plan with least legal compliances and minimum operational outlay. 

Basic Requirements and Options Available for Sole Proprietorship Registration

Registering a sole Proprietorship business is a digital process that can be accompanied with the help of an expert. However, a person interested in registering as a sole proprietorship requires fulfilling some basic requirements like opening a bank account in the name of business entity etc.
  • Sole Proprietorship Registration through Udyog Aadhar under Ministry of MSME.
  • Sole Proprietorship Registration under Shop and Establishment Act.
  • Sole Proprietorship registration through GST Registration.

>> Upload the required documents & information to our web portal by Clicking Register Now Link Below.

>>Choose the appropriate Package and Pay online with various payments modes available.

>>On placing the order, your application will be assigned to one of our dedicated professionals.

>>One of our professional will prepare the required form for the formation of the entity.

>> Obtain government registration certificate for your business entity.

>> Registration certificate shall be provided to you over the mail.