Proprietorship Firm Registration
A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by a single individual and in which there is no legal distinction between the owner and the business. A sole proprietorship is a business that is owned, managed and controlled by one person. It is one of the most common forms of business in India, used by small businesses operating in the unorganized sectors.
Proprietorships are very easy to start and have very minimal regulatory compliance requirement for getting started. However, after the startup phase, proprietorships do not offer the promoter a host of other benefits such as limited liability, separate legal entity, independent existence, transferability, etc., which are desirable features for any business. Therefore, proprietorships are suited for unorganized, small businesses that will have a limited existence.
Following Registration Can be taken for starting proprietorship business as per need
- Shop & Establishment Registration
- Gst Registration
- Contractor Registration
- Udyog Aadhar Registration
- One Person Private Company