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Sole Proprietorship Company
- Easy Registration: No formal incorporation required; only necessary licenses and registrations as per business needs.
- Lower Compliance: Minimal regulatory requirements compared to LLPs and companies.
- Simplicity: No partners or shareholders; easy to manage with minimal documentation.
- Quick Decision-Making: The proprietor has full authority to make business decisions independently.
- Complete Control: Full ownership of assets, revenue, and operations.
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SOLE PROPRIETORSHIP
2000/- Only
A sole proprietorship is the simplest business structure in India, owned and managed by one individual. With minimal compliance, it suits small businesses with up to five employees. The proprietor bears unlimited liability, as there’s no legal distinction between the owner and the business, and no partners allowed.
₹ 2000/- ₹ 5000 60% Off (Excluding Government Fees)
Documents
Documents Required
Aadhar Card
Pan Card
Mobile Number
Email ID
Passport size photo
Electricity Bill
Rent Agreement
Any Indian citizen with a legal business idea can start a sole proprietorship.
No formal registration is required, but licenses like GST, Shops & Establishments Act, or other specific permits may be needed.
No, the proprietor and the business are considered the same entity.
The business income is taxed as the proprietor’s personal income under individual tax slabs.
Yes, it can be converted by fulfilling the necessary legal and regulatory requirements.
No, the proprietor has unlimited liability, meaning personal assets can be used to settle business debts.
Yes, but it is typically suited for small businesses with a few employees.
A current account can be opened using business-related documents like GST registration, business invoices, or a shop license.
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A One Person Company (OPC) is a type of company structure in India designed for entrepreneurs who want to operate a business with limited liability but as a single owner.
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A Section 8 company, also known as a Section 8 Company under the Companies Act, 2013, is a type of legal entity registered in India specifically for non-profit purposes.
Private Limited Company
A private limited company (Pvt Ltd company) is a type of business structure that offers several advantages to entrepreneurs, especially those running small and medium-sized businesses (SMBs).
Limited Liability Partnership
A Limited Liability Partnership (LLP) is a business structure that combines features of a traditional partnership and a limited company.
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A Producer Company, formed by farmers, blends private limited company and cooperative benefits. Registered under the Companies Act, 2013.
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