Bcom - Consulting Business HTML Template

Sole Proprietorship

Startup Sole Proprietorship

Welcome To Tax Stop Solutions

Sole Proprietorship

A Sole proprietorship can be explained as a kind of business or an organization that is owned, controlled and operated by a single individual who is the sole beneficiary of all profits or loss, and responsible for all risks. It is a popular kind of business, especially suitable for small business at least for its initial years of operation. This type of businesses is usually a specialized service such as hair salons, beauty parlors, or small retail shops, etc.


This type of business organization is formed by the owner himself.

No legal conventions are obliged to start the sole proprietorship form of organization.

In some instances, the legal formalities are required or the owner should have a particular license or a certificate to run the business.

The owner can close the business at his own discretion.


In the sole proprietorship business, the sole owner has unlimited liability.

In this case, the owner is himself liable to pay all the liabilities. If he takes a loan for its business then he will be liable for all the debts.

Hence, he is personally liable for all the debt which can be recovered by his personal estate when funds are insufficient.

Advantages of a Sole Proprietorship

Economical and less expensive:Can be started with even less capital

Hassle-free registration process with less paperwork

Less Compliance: One person can start a firm so minimum compliance work

Ownership and control over business: As it is One-person company so privacy and confidentiality is maintained

Decision making:Instant or Free decision making is possible as there is no involvement of any second or third partner or member

Documents Check List:

Aadhar Card

PAN (Permanent Account Number) card

Latest Bank Statement

Registered office proof

Share Whatsapp

Get expert advice on consult investment to strategies.

We believe that informed clients make better financial decisions. As part of our service, we'll provide educational resources and workshops to help.

TAX STOP Solutions

Our mission is to focus on our customers’ needs in order to provide the highest quality professional services. We as a Team committed to excellence and we will ensure our clients receive added value in all their Business. With you, we create and deliver business and technology solutions that fit your needs and drive the results you want.

© Copyright 2023 TAX STOP SOLUTIONS Designed by mrwebone.com