Advantages and Disadvantages of Sole Proprietorship in India
What is sole proprietorship? A sole proprietorship , also known as one man company, is a simple form of business. It is not only easy to form but is also very cost effective and provides a broad range of advantages to businesses that are new. If your business idea requires a sole proprietorship, a one man organization, an LLP (limited liability partnership) or even a private limited organization, then it is not easy to make it. So, in this informative blog post, we are going to talk about the advantages and disadvantages of a sole proprietorship. Advantages of Sole Proprietorship · Simple to form One of the best advantages of sole proprietorship ! If you want to establish a sole proprietorship firm, you don't need any specific registration requirements and your identity will be used by your business. Therefore, you can start the company without any registration. In order to create the identity of the Business, you can use an Aadhar card o...