Features
| Principal Legislation | Not Applicable | No Special Act. |
| Separate Legal Entity | No | A Proprietorship is not a separate legal entity. |
| Registration | Not Mandatory | Not Mandatory. |
| Number of Members | 1 | Sole Proprietor owns and runs the Business. |
| Liability | Personal Liability | A Proprietor is personally liable for the liabilities and obligations of the Proprietorship. |
| Transfer of Shares | Yes | Enterprise is Transferable. |
| Compliance | Least | A Proprietorship has the least amount of compliance. |
| Director | None | Sole Proprietor owns and runs the Business. |
Documents Required.
- PAN Card of the Proprietor.
- Proof of address (POA) of the Proprietor.
- Information of the Bank Account.