Proprietorship Firm Registration Online

Lawgicalindia27 Jul, 2023Business

Businesses that are registered as proprietorships are those that have just one owner. In legal terms, the sole proprietor and the company property are identical. The only shareholder in the business and the only owner of the asset is equally responsible for all profits and losses. The lone proprietor's personal property is utilised to settle the firm's obligations when company revenues are insufficient to do so since the sole member's responsibility is infinite.