Sole Proprietorship is a business where in the organization, name, business, properties owned are all governed and are registered under a single person’s name i.e. the proprietor.
It is the ideal form of business incorporation for a budding entrepreneur.
Benefits of Sole Proprietorship:
- Economical process for incorporation.
- Minimum compliances to be carried out.
- Easy and fast incorporation processd
- MSME Udyam registration
- PAN card
- Current bank account creation
- GST registration