Sole Proprietor

Sole Proprietorship

It is a type of enterprise which is run by individuals and is considered to be one of the simplest forms of business.
The main aspect of the business is that there is no difference between a business entity and the owner. The owner is completely liable for all the business aspects.

The flexibility of Sole Proprietorship

It is a type of enterprise which is run by individuals and is considered to be one of the simplest forms of business.

The main aspect of the business is that there is no difference between a business entity and the owner. The owner is completely liable for all the business aspects.

Soleproprietorship

Some of the Up points of the Sole Proprietorship model

Lack of complex formalities which is an easy and inexpensive process

High confidentiality

Complete control and ownership

Incentives Maximisation

uppoints
sole proprietorship disadvantages

Down points Sole Proprietorship are

Limited Capital

Limited Managerial Ability

Un-decided business life-cycle

Unlimited Personal liability

 

As mentioned above, a sole proprietorship can be converted into any other business form, such as One Person Company (OPC), Limited Liability Partnership (LLP), and Company.
In collaboration with HA, one only needs to submit documents such as Director’s details, Utility Bills, Details of Sole Proprietorship, No- Objection certificate, MOA & AOA, Certificate of Incorporation, Office address proof, Form 1, Form 18, and Form 32. We here will carry out all the desired process

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