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Proprietorship Registration: A Comprehensive Guide for Entrepreneurs business is a straightforward business structure where ownership, management, and control lie solely with the owner. A proprietorship is not considered a separate legal entity, unlike other . Instead, it represents an individual who owns the business and bears personal liability for its debts and obligations. This form of business structure is widely adopted by micro and in the unorganized sectors due to its simplicity ... PROPRIETORSHIP definition: 1. the situation of owning something: 2. a particular legal form for a small company in some…. Learn more. A proprietorship is the state or right of owning a business or holding property. Generally, proprietorship and sole proprietorship are terms which have simultaneous usage. Learn how to register a sole proprietorship firm in India with MSMEGov, a platform that simplifies the process and provides online services. Find out the advantages, disadvantages, documents and FAQs of proprietorship firms.
