WHAT IS SOLE PROPRIETORSHIP REGISTRATION

When single person runs a business then such kind of business is called as proprietary business, and the owner of the business is called as proprietor. Proprietorship is the most common form of the business which is used in India. You can start and operate the business with minimum regulatory compliance. However there is no full fledged way available to register your proprietorship by Indian Government. Tax registration and other business registration’s is the right way to show existence of your proprietary business. Following registrations can be used to show the existence of your proprietory Business

Benefit of Our Service

• Easy To Start and Close Business: One a week’s time you can start your business saving your time and money.
• Single Ownership: Single ownership means less complications, also decision making is limited to one person.
• No Restriction For Business Name: There is no need to register or reserve the name for proprietorship purpose, you can directly start the business on any name of your choice.
• Easy Closure: Closure procedure is very simple with minimum formalities.

The Final Result

The owner of a sole proprietorship business typically signs contracts in his or her own name, because the sole proprietorship business has no separate identity under the law. The sole proprietor owner will typically have customers write checks in the owner's name, even if the business uses a fictitious name. Sole proprietor owners can, and often do, mix personal and business property and funds, something that partnerships, LLCs and corporations cannot do. Sole proprietorships often have their bank accounts in the name of the owner. Sole proprietors need not observe formalities such as voting and meetings associated with the more complex business forms. Sole proprietorships can bring lawsuits (and can be sued) using the name of the sole proprietor owner.