PROPRIETORSHIP REGISTRATION

PROPRIETORSHIP REGISTRATION

A Sole Proprietorship Registration is an unincorporated business owned by one person.It is not a separate legal entity, like a LLP or a company.No legal formalities are necessary to create a sole proprietorship.

In sole proprietorship the owner is in direct control of all elements and is legally accountable for the finances of business and this may include debts,loans,loss,etc.The owner receives all profits and has unlimited responsibility for all losses and debts

ADVANTAGES OF A PROPRIETORSHIP/h2>