A sole proprietorship is a popular business structure in India where an individual entrepreneur conducts and controls an unincorporated business under their own name or a fictitious name. It is easy to set up with minimal regulatory compliance obligations, making it ideal for start-ups in unorganized markets. However, it does not offer advantages such as limited liability, separate legal entity, or perpetual existence, making it suitable for micro businesses with limited lifespan or small-scale plans.
The benefits of sole proprietorship include affordability, ease of setup, fewer government regulations, and complete control over all aspects of the business. The owner receives 100% of the earnings but is also responsible for a single tax payment as there is no legal separation between the owner and the business.
If you're looking for reliable registration services, Sujata Associates can assist you with their team of experienced specialists who will guide you through the process diligently. Client satisfaction is their top priority, and they work closely with the government to ensure smooth registration even during challenging times like the COVID-19 pandemic. Their chartered accountants and attorneys are committed to providing seamless registration services.
Sujata Associates is the market leader in company registration services in India, offering a variety of company registration like private limited company registration, one person company registration, Nidhi Company Registration, Section 8 Company Registration, Producer Company Registration, and Indian Subsidiary registration.
The average time taken to complete a proprietorship company registration is 3 – 5 working days, subject to government processing time, and client document submission. Get a free consultation for proprietorship company registration and business setup in India by scheduling an appointment with a Sujata Associates Advisor.