Sole Proprietorship: Simplifying Your Business Journey with Complete Ownership
Sole proprietorship is a simple and cost-effective business model for individuals wanting to manage their own business with full control. This guide offers a comprehensive look at setting up a sole proprietorship in India, covering legal and financial liabilities, key features, benefits, and drawbacks. Learn about the ease of operation, unlimited liability, and the low cost of starting a sole proprietorship. Whether you’re looking to expand, protect personal assets, or manage compliance with tax laws, this article explains how to manage all aspects of running a sole proprietorship, including common pitfalls and FAQs. Explore a comparative analysis with LLPs and companies to make an informed choice for your business.
