a) Proprietorship firm registration is a Single person firm registration. It is also called as sole proprietorship firm registration.
b) Most of the people can choose proprietorship firm in India because it is the easiest way to start the business as compare as other company registration.
c) A Proprietorship firm have any name but it does not have already registered trademark name.
d) A Proprietorship firm has less than Rs.2.5 lakhs of income per annum is not required to pay any income tax.
e) Sole Proprietorship firm registration was mainly register to open a bank account in the name of their company name.
f) In a proprietorship firm, the owner of the person was called Proprietor. The proprietor manages the entire company and also he/she is the responsible of each and every transaction made in his/her company.
g) Proprietorship firm is not separate legal entity as compared as other company registration.
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