Proprietorship Firm Registration

A business that legally has no separate existence from its owner. In simple words, it refers to a person who owns the business and it’s personally responsible for its debt. A sole Proprietorship is referred as sole trader, individual which is owned by one person with no authorized division between the owner and the business entity. Working proprietors and partners actively engage in the work of the establishment whose principal activity is outside of the establishment.

Advantages of Proprietorship

1: Easy to form,
2: You can protect the name of your sole proprietorship,
3: Personal liability,
4: No annual reports/filings,
5: There is no limit to the number of people you can hire and much more.

Whereas, there are various advantages that the Proprietorship form of business offers: A simple form of organization, owner’s freedom to take decisions, high secrecy, easy dissolution, limited resources, limited ability, and much more.

Proprietorship Firm Registration Process:-

Whereas, to start a sole proprietorship, firstly you have to create a business name and decide on a location for your business, file for a business license with your city and get permission from your locality if you want to operate your business from home. The officials actively engage in the work of the establishment excluding silent or inactive partners whose principal activity is outside of the establishment. A business structure is that in which an individual and the company are considered a single entity for tax and obligation.

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You may contact Vedkee Associates or email for further discussion.