Service Overview
The simplest form of business where a single individual owns, manages, and controls the entire business; there is no legal distinction between the owner and the business.
Who Needs It / Purpose:
Small traders, freelancers, and local shop owners who want minimal compliance and full control, and are comfortable with unlimited personal liability.
FAQs:
Q: Is there a separate proprietorship registration certificate?
A: No single certificate exists; GST, Udyam, or Shop & Establishment registration typically serves as proof.
Q: Can a proprietorship open a current bank account?
A: Yes, using any of the above business registrations as proof.