(i) Easy to start- A sole proprietorship is one the simplest or easiest forms of business entity to start. It could take 15 days to start if all you need is only a service tax registration. The process is not complicated, PAN card, identity and address proof are enough to get start. (ii) Less Costing- If we talk about the cost the firm it can be easily start with less than 5000 Rupees through service tax registration. (iii) Less Compliance- A sole proprietorship is very limited compliance; you have to file only the income tax return as individual at the end of the year and maintain basic invoices of income and expenses of the firm
Manish Kumar
What is Advantages of the sole Proprietorship firm?
Tell us about the Advantages of the Sole Proprietorship firm.
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