Sole Proprietorship
In India, most of the business are started as individual without others participation. Such types of Business entity said as proprietorship firm. In such case the identity of person & entity are same.
Advantages
- Low Tax Rate
- Mobility / Flexibility
- Less paperwork to get started.
- Fewer registration fees & Govt Regulatory.
- Easy Formation
- Fast decision
Registration may Required
- GST Registration
- UDYAM Registration
- Shop & Establishment Act Registration
- FFSSAI Registration (Foods Industries)
- Others Registration based on Industries