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 assets… 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 »
Introduction Starting a business is a dream for many entrepreneurs, but legal complexities can often be overwhelming. Fortunately, a One-Person Company (OPC) provides a simplified way for solo entrepreneurs to establish a legally recognized business entity. An OPC combines the benefits of a sole proprietorship with the legal advantages of a private limited company,… Read More »