Sole Proprietor
4.3
152 - Reviews
Sole Proprietor
179 People purchased
Sole Proprietor
4.3 (152 - Reviews)
179 People purchased
How It Works
Understand the service & proceed for booking
Provide basic details and proceed for payment
After payment completion, We will call you to discuss the requirement
Your service will be delivered within agreed turnaround time
Understand the service & proceed for booking
Provide basic details and proceed for payment
After payment completion, We will call you to discuss the requirement
Your service will be delivered within agreed turnaround time
Sole Proprietor
A sole proprietorship is a proprietorship business that one person owns and manages. As the business and the owner are not legally separate, it is the simplest form of business structure. It is also known as individual entrepreneurship, sole trader, simply proprietorship, or sole proprietor. Sole Proprietorship registration is not the requirement by law.
Advantages Of Sole Proprietorship:
- Easiest and cheapest way to start a business
- Very few government rules and laws
- Full management control
- Flow through business profit
Features Of Sole Proprietorship:
- Formation and closure of business
- Unlimited liability
- No separate Legal Entity
- No sharing of profit & loss
- Risk Bearer
- Lack of business continuity
- Single ownership
Sole Owner
The owner of sole proprietorship business is known as “sole proprietor” meaning single owner and the sole recipient of all profits and losses. It is suitable for enterprises that require personal attention, personalized services, and limited capital, such as Grocery Shops, beauty parlours, boutiques, etc.
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