Group items tagged

A sole proprietorship is one of the simplest forms of business. Commonly known as a one-man organization, it is cost-efficient and easy to form. It offers a wide range of benefits to new businesses and has been at the epicenter of India's inspiring Startup story. In fact, it accounts for the largest type of business concerns in India. However, does your business idea need a sole proprietorship? Or an LLP or a one-person company or a private limited company? A tough decision to make, isn't it? In this article, we will talk about the advantages and disadvantages of a sole proprietorship and compare it with other business entities.