Sole proprietorship is the easiest form of business to operate. It is form of business with single ownership. The owner is personally liable for the dues. It is the most common type of business popular among micro and small business houses. They have very minimal regulatory requirement and easy to manage.
Benefits of Sole Proprietorship
- Easy to register
- Single ownership
- No regulatory compliance required
- Can be easily closed
List of documents
- Identity proof of the applicant
- Aadhaar card (Mandatory)