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A Sole Proprietorship business has the simplest structure, also not governed by any specific laws. It also gives the flexibility to operate the business in their own name also in a fictitious name. Having said that, Sole Proprietor remains personally liable for all the business transactions.
If a Sole Proprietorship business runs into financial trouble, creditors can bring lawsuits against the business owner. If such suits are successful, the owner will have to pay the business debts with his or her own money.
A Sole Proprietor needs to register his or her name while securing a local license. It is considered to be a popular business form and as it is simple, can be easily formed and dismantle that too at a nominal cost.
Online Legal India™ expert team of highly qualified CA/CS and 10+ years of experienced lawyers who would assist you to Register your Sole Proprietorship. We have budgeted services for those who are willing to venture into a company, business or any other kind of organization.
Apart from getting registered with MCA, any business personnel must also register with GST, TAX and Compliances, Accounting, Trademark Registration, or creative assistance in Logo Designing and Import Export Code registration to step a foot forward in the Foreign market. To deliver your digital assistance we have the best minds in the industry for your business incorporation, our concierge work round the clock to give you a hassle-free Sole Proprietorship Registration online.
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