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A sole proprietorship, also known as a sole proprietorship firm, is a business model in which an individual person owns, manages, and controls the company. The sole proprietor is responsible for managing the business on a daily basis and providing the necessary capital. Being the sole owner, they are entitled to all profits and losses of the business. Additionally, the sole proprietor owns all assets and resources of the business and is entirely responsible for any debts or liabilities.<br>Visit us - https://registrationarena.com/sole-proprietorship-registration/
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SOLE PROPRIETORSHIP What is Sole Proprietorship? A sole proprietorship or sole proprietorship firm is a form of business that is owned, managed and controlled by an individual person Min. requirements for Sole Proprietorship Registration Individual Person as a Sole Proprietor Name of the Business Enterprises Identity Proof of the Proprietor Advantages of Sole Proprietorship Registration Easy to Form Control on Decision making No minimum capital required Various registrations for opting Sole Proprietorship Shops and Establishment Act Registration MSME Registration GST Registration Visit us - registrationarena.com