The sole proprietorship structure is widely adopted in India, wherein an individual entrepreneur conducts an unincorporated business either under their own name or a fictitious name. It offers ease of setup and minimal regulatory obligations, making it suitable for start-ups in unorganized markets. However, it lacks benefits like limited liability, separate legal entity, and perpetual existence, making it more suitable for micro businesses or those with a limited lifespan.
The advantages of sole proprietorship include affordability, easy setup, fewer regulations, and complete control over the business. The owner receives 100% of the earnings but is also liable for single tax payment due to the absence of legal separation between the owner and the business.
Sujata Associates provides reliable registration services with a dedicated team of experienced specialists. We prioritize client satisfaction and ensure smooth registration. Our chartered accountants and attorneys are committed to delivering 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.