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SOLE TRADER (PROPRIETORSHIP FIRM)

CAll: +91 - 84220 06405

Sole Trader (Proprietorship Firm)

What Is Sole Trader (Proprietorship Firm)?

A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business.

The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts. Every asset of the business is owned by the proprietor and all debts of the business are the proprietor's. It is a "sole" proprietorship in contrast with partnerships. A sole proprietor may use a trade name or business name other than his or her legal name.


Advantages of Sole Trader (Proprietorship Firm):


Disadvantage of Sole Trader (Proprietorship Firm):

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Sole Trader (Proprietorship Firm)

Sole Trader

The owner receives all the profit of the business

CALL Now: +91 - 84220 06405

Proprietorship Firm

Only small amounts of capital are needed to start and run a business.

CALL Now: +91 - 84220 06405