Register your Proprietorship Business Just in Rs. 1996/-(All inclusive)


A proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship is a type of enterprise that is owned and run by one person

Proprietorship

Ø Proprietorship

A proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business. A sole trader does not necessarily work it is possible for the sole trader to employ other people. The sole trader receives subject to taxation specific to the business and has unlimited responsibility for all losses and debts. Every asset of the business is owned by the proprietor and all debts of the business are the proprietor's. It is a "sole" proprietorship in contrast with which has at least two owners.

A sole proprietor may use a trade name or business name other than their or its legal name. They may have to legally trademark their business name if it differs from their own legal name, the process varying depending upon country of residence.

Registration of a business name for a sole proprietor is generally uncomplicated unless it involves the selection of a name that is assumed. The business owner is required to register with the appropriate local authorities, who will determine that the name submitted is not duplicated by another business entity. Furthermore, the business owner must complete a form submitted to the governing authority to acquire title.

The license for a sole proprietary business entitles the owner to hire employees and enlist the services of independent consultants. Although an employee or consultant may be requested by the owner to complete a specific project or participate in the company's decision-making process, their contribution to the project or decision is considered a recommendation under the law. Under the legal doctrine superior the legal liability for any business decision arising from such a contribution remains upon the owner and cannot be renounced or apportioned.

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Start your business through registration in GST in your Trade name

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In case you have any query, please email us at sanjeev_agrawal07@yahoo.co.in