What is Sole Proprietorship Firm | Process and Benefits | JR Compliance
A sole proprietorship firm is a business owned and controlled by a person/sole trader/proprietor. It is the most common type of business commenced by small/ individual merchants and traders.
Commencing the sole proprietorship firm is effortless because you must fullfill a few compliance requirements to conduct its operations. Thus, it is the appropriate form of business for small businesses with a few clients.
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