When single person runs a business then such kind of business is called as proprietary business, and the owner of the
business is called as proprietor. Proprietorship is the most common form of the business which is used in India. You can
start and operate the business with minimum regulatory compliance. However there is no full fledged way available to
register your proprietorship firm by Indian Government. Tax registration and other business registration’s is the right
way to show existence of your proprietary business. Following registrations can be used to show the existence of your
proprietory Business:
Udhyam Registration.
GST Registration.
Shop and Commercial Establishment Registration.
The owner of a sole proprietorship business typically signs contracts in his or her own name, because the sole
proprietorship business has no separate identity under the law.
Sign in to leave a comment.