Sole Proprietorship

TA sole proprietorship is a type of business structure owned and operated by a single individual. It is the simplest and most common form of business organization. Here are some key characteristics and aspects of a sole proprietorship.

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What is Sole Proprietorship?-


The word “Sole” indicates only one and the word Proprietorship indicates about the ownership of the business. Hence, sole proprietorship is one of the oldest form of business which is been followed by all the business entity, which means a single person owns, manage and control, all the business activities and an individual who operates the business is all knows as sole proprietorship.

Main Characteristics of sole proprietorship:-
Single Ownership
No sharing of profit or loss
One man’s capital
Unlimited liability
Less legal formalities
One man control

Is registration of sole proprietorship mandatory? No, Sole Proprietorship Registration is not mandatory. It is optional on whether a person intends to register his sole proprietorship or not. Although, banks insist on getting sole proprietorship registered if you intend to open a bank account in the name of your business, but as per law it is not mandatory.




Documents required
for sole proprietorship registration:

Aadhaar card
Pan card
Bank Account
Registered office proof


Get your Sole Proprietorship registration in 3 best ways as follows:-
1. Register under Shops and Establishment act
2. Get Udyog Aadhaar Under the Ministry of MSME
3. Get a GST registration




Frequently Asked Questions


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This is the second item's accordion body. It is hidden by default, until the collapse plugin adds the appropriate classes that we use to style each element. These classes control the overall appearance, as well as the showing and hiding via CSS transitions. You can modify any of this with custom CSS or overriding our default variables. It's also worth noting that just about any HTML can go within the .accordion-body, though the transition does limit overflow.

This is the third item's accordion body. It is hidden by default, until the collapse plugin adds the appropriate classes that we use to style each element. These classes control the overall appearance, as well as the showing and hiding via CSS transitions. You can modify any of this with custom CSS or overriding our default variables. It's also worth noting that just about any HTML can go within the .accordion-body, though the transition does limit overflow.




Apeiro Fincraft Solutions is dedicated to aiding entrepreneurs and small business proprietors in initiating, overseeing, and expanding their enterprises confidently and affordably. We strive to assist entrepreneurs and business individuals in navigating legal and regulatory obligations while serving as a steadfast partner throughout the business journey, ensuring ongoing compliance and sustainable growth at every phase.

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