Proprietorship

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Proprietorship is a type of business enterprise that is owned and run by one person who is known as Sole Proprietor. It is also known as the sole trading, individual entrepreneurship or sole proprietorship. 

 In proprietorship, there is no legal distinction between the proprietor and the business entity. All the profits (subject to taxation) and all the assets of business belong to the sole proprietor only and similarly he has the unlimited responsibility for all losses and debts of business enterprise.

Sole Proprietorship is the most common type of business among micro and small businesses in India. It is very easy to start and have least regulatory compliance requirements for operation.

Documents required for Proprietorship

• Stamp Duty to be borne by Client, we will only be responsible for drafting Rent deed