Firm Registration Proprietorship: Everything You Need to Know ?
Starting a business is a dream for many Indians. One of the most popular and easiest ways to begin is by setting up a proprietorship firm . This model is perfect for small-scale businesses and individual entrepreneurs. As a tax consultant at Taxlegit , I often guide clients through the process. We also specialize in MSME certificate registration , which offers several benefits to proprietors. Let’s break down everything you need to know about registering a proprietorship firm in India. What Is a Proprietorship Firm? A firm registration proprietorship is a type of business owned and managed by one person. It is not a separate legal entity. The owner is personally responsible for all profits and liabilities. This type of business is ideal for: Freelancers Local shop owners Individual consultants Small traders New entrepreneurs It’s simple to start and requires minimal paperwork. Why Choose a Proprietorship? Here are a few reasons: Easy to start Low compliance...