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Sole Proprietorship Company

Online Sole Proprietorship Registration

Sole Proprietorship Company

What is a Sole Proprietorship ?

A Sole Proprietorship is an unregistered business owned entirely by one person. The owner and the business are legally the same, meaning the owner is personally liable for all the business's debts and obligations. Despite this, it offers ease of setup, full control, and straightforward taxation.
Key Features of a Sole Proprietorship :
Single Owner & Operator : One individual owns and manages the business.
Easy to Start : No formal registration required under the Companies Act.
Full Control : The proprietor has complete decision-making authority.
Unlimited Liability : The owner is personally responsible for all debts and losses.
No Separate Legal Entity : The business and the owner are legally the same.
Minimal Compliance : Fewer regulations and low operational cost.

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A Sole Proprietorship is the simplest and most common form of business structure in India. It is owned, managed, and controlled by a single individual, making it an ideal choice for small businesses, freelancers, retailers, and individual entrepreneurs looking to start with minimal investment and compliance.

Who Can Start a Sole Proprietorship?

Any Indian citizen with these documents can start a sole proprietorship.

A valid PAN card
Aadhaar card
Bank account in the business name

Business location proof

LLP Registration Process:

Obtain DSCs and DINs for all designated partners.
Name Reservation through the RUN-LLP form.
Filing of Incorporation Documents with the Ministry of Corporate Affairs (MCA).
LLP Agreement drafting and filing (within 30 days of incorporation).
Get your LLP Certificate of Incorporation.

Benefits of Forming an LLP:

Protection from personal liability
Better credibility with clients and investors
Ideal for professionals and service-based businesses
Easy ownership transfer and partner exit process
Cost-effective and simple to maintain