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What Is Sole Proprietorship? Definition & Meaning | LeadingFile (noida, Maldon, USA)

If one wishes to begin a new business with a small capital and also with minimum risk involved, then, “Sole Proprietorship” is the best option to start with.

Now, a question arises in our mind “What Is Sole proprietorship? Simply, It is a type of enterprise that is owned and run by a person and in which there is no legal distinction between the owner and the business entity. It is one of the most common forms of business in India, which is used by most of the micro and small businesses, operated under the unincorporated sectors.

However, to register a Proprietorship, the Government provides no arrangement. But, “leadingfile » ” which provides the Best Company Registration Services In India help you to register your business cost-effectively. Leadingfile takes 3 to 5 working days to fulfill all formalities needed to register a company. However, these days are subject to government processing time and clients document submission.

There are various benefits of registering a Sole Proprietorship with Leadingfile : Sole Proprietorship Entity Type Benefits Easy To Start Less Compliance Single Promoter Easy To Close Sole Proprietorship Registration Type Benefits Unique and separate business identity Easy to open an account

Documents Required For Proprietorship Firm Identity and Address Proof Registered Office Proof Aadhaar Card Copy Of Proprietorship Keep Reading:Sole Proprietorship firm Registration Service Provider »

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