Sole Proprietorship Registration: A Complete Guide by Numbro Consulting

“Starting your own business? Sole Proprietorship is one of the simplest ways to begin. Numbro Consulting guides entrepreneurs with setup, legal compliance, and Shops & Establishment Registration.”

Features for this type or Registration

Recommended for:

Ease of Accommodating Investment

Limited Liability Protection

Tax Advantages

Perpetual Existence

Statutory Compliances

Private Limited Company
  • Start-ups & growing companies
  • Very easy to accommodate
  • Yes
  • Few benefits
  • Yes
  • High
Limited Liability Partnership
  • Professional services firms
  • Possible, but unlikely
  • Yes
  • Most efficient
  • Yes
  • Low
One Person Company
  • Sole promoters
  • Possible, but severely unlikely
  • Yes
  • Few benefits
  • Yes
  • High
Partnership Firm
  • Home businesses
  • Almost impossible
  • No
  • Minimal
  • No
  • Minimal