1) Being a sole proprietor of your business entails the personal responsibility of the owner.

2) You are the sole decision maker with no fallback option available with partners or shareholders.

3) Best suited for small-scale business operations as lesser compliance rituals.

4) Best suited for small-scale business operations as lesser compliance rituals.

5) There will be no separate legal entity as both the individual owner and business will be considered one and inseparable.

Team FMR shall assist you right from setting up Sole Proprietorship business to getting GST registration, UDYAM registration, potential licenses and permits depending on your industry and location. Let Team FMR be your trusted partner as you navigate the exciting world of Sole Proprietorship in India!