Proprietorship Registration

Proprietorship is a type of business ownership where one individual owns, manages, and controls the business.

Advantages of Proprietorship:

• Easy to establish
• Minimal regulatory compliance
• Sole ownership and control
• No separate tax entity
• Simple decision-making process

Disadvantages of Proprietorship:

• Unlimited personal liability
• Limited access to capital
• No separation between personal and business assets
• Difficult to transfer ownership
• Limited scalability

Documents Required for Registration:

• PAN Card: Proprietor's PAN card
• Aadhaar Card: Proprietor's Aadhaar card
• Business Name: Unique business name
• Business Address Proof: Rent agreement, electricity bill, etc.
• Bank Account: Proprietor's bank account details