A sole proprietorship is a business owned, managed, and operated by a single individual, and it is one of the most prevalent business forms in India, particularly among small enterprises operating within unorganized sectors.

Sole Proprietorship Registration includes various registrations such as service or sales tax registration. However, it comes with significant drawbacks, including the proprietor’s unlimited liability and the absence of a perpetual existence. Due to these limitations, it is commonly favored by small traders and brokers as a business structure. For Sole Proprietorship Registration services, you can rely on Yourlawyer.