India Advocacy
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The proprietor needs to obtain the Registration Certificate under the Shops and Establishment Act of the state in which the business is located.
Advantage of Proprietorship registration :
★ Easy to set up: Proprietorship registration is easy to set up as it requires minimal legal formalities and documentation. This makes it a popular choice for small business owners who want to start their business quickly and with minimal hassle.
★ Sole ownership: The proprietor is the sole owner of the business and has complete control over its operations. This enables the proprietor to make quick decisions and take actions that are in the best interest of the business.
★ Flexibility: Proprietorship registration offers a lot of flexibility in terms of operations and management. The proprietor can run the business in any way he or she sees fit and can adapt to changing market conditions and customer preferences.
★ Low cost: Proprietorship registration is relatively inexpensive compared to other forms of business registration such as a company or LLP. This makes it an affordable option for small business owners who have limited financial resources.