A Sole Proprietorship firm, also known as a sole trader, proprietorship or individual entrepreneurship’. It is a type of business/enterprise/firm that is owned by a single person leaving no distinction between the owner and the business entity.
Sole proprietorship registration takes anything between 5-7 days. Due to its simple structure and fewer compliance features, the sole proprietorship firm is famous amongst small and medium scale enterprises/business.
Read More :- Understanding Taxation for a Sole Proprietorship Firm
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