Sole Propreitorship
Sole proprietorship registration allows an individual to operate a business with minimal compliance and full control.
Overview
A sole proprietorship is the simplest form of business registration, where a single owner manages all operations. Registration is optional but can include GST, local licenses, or trade permits. This structure offers full control, quick setup, and minimal compliance requirements. It is ideal for small businesses or startups, enabling the proprietor to handle operations, finances, and taxation while benefiting from direct decision-making and easy management of business activities.
Key Highlights
Minimal Compliance Burden: The fastest and simplest way to start operating with very few statutory filings.
Full Decision-Making Power: Complete autonomy over business operations, finances, and strategic direction.
Cost-Effective Setup: Lowest initial registration costs, making it ideal for micro-businesses and solo freelancers.
Frequently Asked Questions
Answers to common questions eCommerce sellers ask about accounting, GST, compliance, and business growth.
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