Sole Proprietorship Registration Online in India
Be Your Own Boss: Launch Your Sole Proprietorship Hassle-Free
Price:
₹
₹ 1222
About
A sole proprietorship, also known as a sole trader, is a business structure in which a single individual owns and operates the business. As the owner, you are responsible for all aspects of the business, including decision-making, profits, and liabilities.
Proprietorship firms are relatively easy to set up and operate, as they do not require any special legal formalities or paperwork. However, the owner of a proprietorship firm is personally liable for all debts and obligations of the business.
Proprietorship firms are common in small businesses, such as self-employed professionals or freelancers. They may also be suitable for entrepreneurs who want to test the viability of a business idea before committing to a more formal business structure.
Documents Required
Benefits
Some advantages of a proprietorship firm include:
Simplicity: As there is only one owner, there is no need to deal with the complexities of managing a team or dealing with shareholders.
Flexibility: As the owner, you have complete control over all aspects of the business, which can be beneficial if you have a clear vision for the direction you want to take the company.
Low cost: Proprietorship firms have relatively low startup and ongoing costs compared to other business structures, as there are no legal fees or requirements for shareholder meetings.
However, there are also some disadvantages to consider:
Liable for the debts and obligation of the business.
Limited resources
Limited growth potential
Process
Fill up our simple form
Get Free Expert Consultation
Submit the required documents to us
We will verify the same and submit it to the concerned authorities on behalf of you
Congratulations, your journey as a sole proprietor entrepreneur has just began. Thank you for choosing Nitai Advisors.
How It Works?
FREE Consultation
Our skilled advisors will interact with you to understand your company needs, and we will present you with a legal and legitimate solution for your organization.
Documentation
Complete online paperwork, no need to visit an office!! You simply sit back and relax. Our documentation staff will complete the procedure on time.
Delivery
Get the document delivered to your home!!!
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