Proprietorship
Register your Proprietorship @ Rs 1,999/- onwards
Sole proprietorship is a form of business where there is no legal distinction between the business and the owner
Sole proprietorship is a form of business where there is no legal distinction between the business and the owner
Proprietorship is preferred forms of business in India by small businesses.
It is a business structure in which an individual and his/her business are considered a single entity for tax and liability purposes. The owner is inseparable from the proprietorship, so he/she is liable for any business debts.
One of the great features of a proprietorship is the simplicity of formation. In fact, no formal filing or event is required to form a sole proprietorship; it is a status that arises automatically from one's business activity.
A proprietorship can operate under the name of its owner or it can do business under any trade name
One can establish a sole proprietorship instantly, easily and inexpensively
The owner does not pay income tax separately for the business, but he/she reports business income or losses on his/her individual income tax return
Proprietorship is very easy to manage and enjoys freedom from compliances
One may freely mix business or personal assets