sole proprietorship registration
A sole proprietorship firm is such a type of businessentity that is owned, controlled and managed by a single person. The owner ofthe Business is called Sole Proprietor of the Firm. As the business is run by anatural person, there is no legal difference between the promoter and thebusiness. The promoter himself receives all the profits.
It is very easy to start as there are less legalformalities and lesser formation costs involved.
The government of India has not prescribed any registrationmechanism for registering a proprietorship firm Thus, the registration of aproprietorship can only be recognized through tax registrations that thebusiness is required to have as per the rules and regulations. These taxregistrations may include GSTRegistration and/or SSI/MSMERegistration that should be obtained in the name of the Proprietor to establishthat the Proprietor is operating a business as a sole proprietorship.
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