A sole proprietorship is a type of business entity that is owned and operated by a single individual. It is the simplest and most straightforward form of business structure, offering both benefits and drawbacks. Here's a detailed breakdown:
In summary, a sole proprietorship is an ideal choice for individuals starting small, low-risk businesses who want to maintain full control and enjoy simple tax reporting. However, the unlimited liability and limited access to capital can pose significant risks, particularly as the business grows.
Signup Bharat is a part of SRADDHEYA HUMAN RESOURCE PRIVATE LIMITED Which is registered under the Companies Act, 2013
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