What types of businesses in India can be Sole Proprietorships?
A Sole Proprietorship is a business owned and run by one person, known as the Proprietor. It’s the most common type of business in India, offering a straightforward way to start with minimal regulatory requirements. While the government doesn’t have a dedicated registration process for sole proprietorships, showcasing the legal existence involves obtaining tax registration and other necessary business registrations.
For a sole proprietorship company, individuals like freelancers, budding startups, and established creative businesses with physical offices can easily adopt this business structure. If you’re looking to formalize your sole proprietorship, consider opting for tax and business registrations to establish its legal presence.