A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual. A sole proprietorship is a business that is owned, managed, and controlled by one person. Proprietorships are suited for unorganized, small businesses that will have a limited existence.
There is no registration or approval is required to start a proprietorship business. Proprietorships do not have a process of incorporation. Therefore, our Business Advisors will advise you on the way the identity of the Proprietorship business can be established through other Government registrations.
The existence of a proprietorship is established only by tax registrations and other business registrations that a Proprietorship is required to have as per the rules and regulations. At Sarvam Associates, we can help you establish an identity for your Proprietorship by obtaining the relevant registrations.