What Is A Sole Proprietorship?
A Sole proprietorship is a business that runs or is controlled by a person and he takes all decisions of the business. It is the simplest form of business. For a person which has less capital and wants to start a business on a small scale then Sole proprietorship is the best way.
Auriga Accounting Private Limited is the best platform to register your sole proprietorship. We are providing you with the perfect knowledge and benefit of a sole proprietorship. Auriga Accounting Private Limited in Delhi is Provide you with important Documents of Sole Proprietorship like a Msme Certificate or Gst Certificate, Within 2 or 3 days. If you want to ask any query related to Sole proprietorship then our team give you all answers to your Questions.
We give all Information related to Sole proprietorships like Features Advantages, Disadvantages, Registration Processes, and Compliances.
ELIGIBILITY
WHO IS ELIGIBLE FOR SOLE PROPRIETORSHIP REGISTRATION
Legal age – The individual must be of legal age, typically 18 years or older.
Citizenship or residency: The person may need to be a citizen or a legal resident of the country where they intend to register their sole proprietorship.
Business type: Sole proprietorship registration is usually limited to individuals operating as a single-owner business and not as a partnership or corporation
Business name: The proposed business name should conform to the guidelines set by the registration authority. It should not be already in use or infringe on any trademarks
Permits and licenses: Depending on the nature of the business, certain permits, licenses, or certifications may be required. These could include professional licenses or industry-specific permits.
Tax registration: Sole proprietors are typically required to register for taxation purposes and obtain the necessary tax identification numbers or licenses.
Features Of Sole Proprietorship
Formation- To start a Sole proprietorship no legal obligations are p