Legal Status Of Sole Proprietorship In India
The legal status of a sole proprietorship (https://www.registerkaro.in/po....st/understanding-leg in India is that it is not considered a separate legal entity from its owner. This means the proprietor and the business are legally the same, and the owner is personally liable for all debts and obligations of the business. A sole proprietorship does not require formal registration under any specific law, although certain licenses and registrations—such as GST registration, shop and establishment license, or professional tax—may be necessary based on the nature and location of the business. It is the simplest form of business structure, ideal for small-scale operations with minimal regulatory compliance.
For More Information, Visit Us - https://www.registerkaro.in/
