Difference Between Private Limited and Sole Proprietorship ?
Introduction Starting a business is an exciting step, but choosing the right structure is equally important. As a professional guiding entrepreneurs, I explain the difference between Private Limited and Sole Proprietorship almost every day. Both structures serve different purposes, and the decision impacts compliance, credibility, and growth. Along with this, I help with legal requirements like obtaining an udyam regn certificate for MSME recognition and filing a trademark application for brand protection. Through my services at Taxlegit, I make sure every registration is simple and hassle-free. Understanding Sole Proprietorship A Sole Proprietorship is the simplest form of business. It is owned and managed by a single person. There is no legal distinction between the owner and the business. This structure is suitable for freelancers, small shop owners, or service providers who want quick setup and minimal compliance. In this model, the registr...