Principal LegislationNot ApplicableNo Special Act.
Separate Legal EntityNoA Proprietorship is not a separate legal entity.
RegistrationNot Mandatory Not Mandatory.
Number of Members1Sole Proprietor owns and runs the Business.
LiabilityPersonal LiabilityA Proprietor is personally liable for the liabilities and obligations of the Proprietorship.
Transfer of SharesYesEnterprise is Transferable.
ComplianceLeastA Proprietorship has the least amount of compliance.
DirectorNoneSole Proprietor owns and runs the Business.

Documents Required.

  1. PAN Card of the Proprietor.
  2. Proof of address (POA) of the Proprietor.
  3. Information of the Bank Account.