Proprietorship

What is Sole Proprietorship?

Starting a business under sole proprietorship is easy and convenient. A sole proprietorship is neither a company nor a corporation. The business is owned by an individual. The sole proprietorship firm registration is done with a motive to open a current bank account and start a small business. When an individual who owns any products or services and starts selling it, they are nothing but automatically establishing themselves as the sole proprietorship. Many entrepreneurs are running and selling their product under sole proprietorship. The income is basically reported as the business income or losses by the owner in his/her individual income tax return.

What is Sole Proprietorship Registration Online?

Sole Proprietorship registration online is completely a digital process and hence you can register your business without leaving from home or office. Generally, a person desirous to establish and profess the business as a sole proprietorship firm requires starting with certain basic requirements such as one need to have a Current Bank Account on the Name of Business to support the ease of doing business. Starting a business as a Sole proprietorship firm is easy in India with less compliance and less costing.