Proprietorship Firm Registration

A sole proprietorship is a type of unregistered business unit that is owned, managed, and controlled by one person who retains the full authority & responsibility concerning the business. Sole proprietorships are one of the most common forms of business in India. It is easy and cost effective as well.
The legal responsibility for the obligations of the business lies with the proprietor. Thus, the proprietorship is not a distinct entity unto itself, rather business and its owner are clubbed together. In this type of Business, the person operating will only be the director and shareholder himself.