Start and operate a sole proprietorship in India
A sole proprietorship is a type of business entity that is owned, managed and controlled by an individual. Sole Proprietorship is one of the most common forms of business in India, used by most micro and small businesses operating in unorganized sectors. Proprietorship is very easy to initiate and requires very little regulatory compliance to start and operate.
However, after the startup phase, proprietorship does not offer promoters a host of benefits such as limited liability proprietorship, corporate status, separate legal entity, independent assistance, transferability, perpetual existence - which are desirable features for any business.