Any person who operates the company as a single entity must then apply with a proprietorship firm to legally manage the company in India. It is the most common form of business enterprise operating in India.
You can operate a single-owned company in India without the registration of sole proprietorship. But if you wish to make your company legally present and make your brand value on the market, registration of the owner company is a must.
You can get the full guide to sole proprietorship company registration online in this blog post. So please read the full blog post in which all your questions related to this have been answered.
Meaning of Sole Proprietorship Firm
As the name suggests, a sole proprietorship is a business company owned by a single person. The owner is responsible for all assets and liabilities arising in the firm.
The sole proprietorship firm is registered and provided by the municipality of that specific town under the Shop and Establishment Act. You can get the proprietorship company certificate as proof of registration following successful registration.
Sole Proprietorship Firm Eligibility Criteria
For the registration of a sole proprietorship in India, no eligibility conditions apply. If you have your own business and are just the sole owner of the whole business, you can declare the sole proprietorship business easily.