A capitalist always wants to establish his or her business to earn maximum profits. But when it is considered to legal credentials and registration process, the task comprised that can be extremely awe-inspiring. Every individual gets bewildered between the type of organization, he or she wants to integrate and how to continue with its registration procedure. It identifies for excessively hard-work. Amongst entire these perceptions of Proprietorship. It is the easiest figure of business. It is not even, measured a separate legal unit. This is painstaking as one of its great merits and demerits that is depending on the individual view.
One of the greatest benefits of a proprietorship is that a proprietor can make decisions promptly and detreminely without discussing with others. Every proprietor, legally pays lesser taxes at very cost-effective rates that a company does.
Proprietorship is a business inherited and controlled by a sole person. The sole person has ability to take decisions alone without any help, takes entire processes of monetary dealings and manages all phases of the business without assistance of anyone. It is mainly introduced to like a single man business or single man show.