Proprietorship firm consists only single person as its owner and it is very small in nature and with less legalities. Similarly, Capital Requirements are also has no criteria to start the business as it is not a legal entity. Proprietorship firm also known as its full name "SOLE PROPRIETORSHIP FIRM".
When one wants to start up small businesses, varying from establishing local studios, shops etc, where a single person invests in the form of capital and avails profit and loss. This kinds of business requires a very simple process with minimal legal compliance and formation costs. This follows the easy registration process, under various laws, such as Micro, Small and Medium Enterprises (MSME), Tax Laws, this also includes, different acts, like Shop Act, Labor Act.
Being registered under ''Proprietorship firm'', does not require any specific legal certificate, which enables a small businessman to easily afford the expenditure. If you are looking for new venture then this Proprietor ship firm is the best option with small capital in a short time frame.

Proprietorship firm consists only single person as its owner and it is very small in nature and with less legalities. Similarly, Capital Requirements are also has no criteria to start the business as it is not a legal entity. Proprietorship firm also known as its full name "SOLE PROPRIETORSHIP FIRM".
When one wants to start up small businesses, varying from establishing local studios, shops etc, where a single person invests in the form of capital and avails profit and loss. This kinds of business requires a very simple process with minimal legal compliance and formation costs. This follows the easy registration process, under various laws, such as Micro, Small and Medium Enterprises (MSME), Tax Laws, this also includes, different acts, like Shop Act, Labor Act.
Being registered under ''Proprietorship firm'', does not require any specific legal certificate, which enables a small businessman to easily afford the expenditure. If you are looking for new venture then this Proprietor ship firm is the best option with small capital in a short time frame.