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Our benefits
Empowering your business with expert financial clarity — without the cost of a full-time CFO.
Sole Proprietorship Registration
A Sole Proprietorship is one of the most popular and simplest forms of business ownership, particularly in the unorganized sector. It is owned and managed by a single entrepreneur, making it an ideal choice for small traders, merchants, and independent professionals. This business structure is easy to set up, requires minimal regulatory compliance, and allows for full control over decision-making.
Key Features of a Sole Proprietorship
- Single Ownership – The proprietor has complete control over the business operations and decision-making.
- Minimal Compliance – No complex legal requirements for registration and operation.
- Easy Tax Registration – Business identity is established through GST registration, Udyam MSME registration, or other applicable licenses.
- Quick & Low-Cost Setup – No mandatory registration makes it the most cost-effective business structure.
Limitations of a Sole Proprietorship
- Unlimited Liability – The owner is personally liable for all debts and losses.
- No Separate Legal Entity – The business and owner are considered the same entity.
- Limited Growth & Funding – Raising external capital or expanding can be challenging.
- No Perpetual Succession – The business ceases to exist upon the owner’s retirement or demise.
Why Choose Panchal S K and Associates?
at Filing365, we provide end-to-end assistance for setting up a Sole Proprietorship, ensuring your business is legally compliant and financially optimized.
- Expert Consultation – We guide you on the best business structure based on your needs.
- Seamless Registration – Assistance with GST, Udyam MSME, Shop Act License, and other necessary registrations.
- Accounting & Compliance Support – Ongoing assistance with bookkeeping, tax filing, and financial management.
- Business Advisory Services – Helping you strategize for growth, taxation, and risk managemen