What is the Registration Process and Starting a Sole Proprietorship in India?
What is the Registration Process and Starting a Sole Proprietorship in India? Sole Proprietorship Registration is an ideal choice for a personal businessman, sole trader, or someone who does not want to get into the long process of forming a company. In addition, setting up a new company required a beginning investment in for of fees which is not the case with a sole proprietorship. Sole Proprietorship Registration is very easy. The first step begins with just opening a current account to make sure safe payments are in the proprietorship’s name. Therefore, creating a current account is think about to be the groundwork for beginning this type of business. Sole Proprietorship in India One of the most ordinary structures of business in India. As per GOI, Sole Proprietorship is a single-person establishment where the individual manages and controls their business on their own. Accordingly, it is an affordable price as there are no fees to pay during the initiation of the process. After,