Sole Proprietorship Meaning Here are several distinctive features that define a sole proprietorship: Single Ownership: The business is own and operate by a single individual, who is known as the sole proprietor. Unlimited Liability: The sole proprietor is personally liable for all the debts and obligations of the business. This means that personal… Read More »
owner of a sole proprietorship business The owner of a sole proprietorship business is an individual who operates and controls the business. As a sole proprietor, you have full ownership and responsibility for the business, and there is no legal distinction between you as an individual and the business itself. Here are some key… Read More »
Registering a one-person company Registering a one-person company, To register a One Person Company (OPC) in India, the following steps must be take: Obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN): The first step is to obtain a DSC and DIN for the propose Director of the OPC. Name reservation: A suitable… Read More »
