Proprietary Firm
Is a unregistered form of business entity. Owned, control and manage by sole owner. It is suitable for very small and local businesses. It is very easy to form and start and have very less compliance requirements as compare to other form of businesses.
Features of Section Proprietorship Firm
- Easy to Start and manage.
- It is Unregistered.
- Less compliances as compare to other form of businesses.
- Easy availability of Firm Name.
- Easy to close.