Proprietorship

The sole proprietorship is the easiest business structure under which one can work a business. The sole proprietorship is anything but a lawful substance. It essentially alludes to an individual who possesses the business and is by and by answerable for its obligations.

Proprietor

• The most common and simplest form of business is a sole proprietorship.
• An individual proprietor owns and manages the business and is responsible for all transactions.
• The owner is also responsible for all debts and liabilities.
• The owner pays taxes on income from the business as part of personal income tax payments.

Registered Office:

• Any place can be made as the registered office of the sole proprietor even the residential place can be used as the registered office of the sole proprietor.