How to start a sole proprietorship?

A sole proprietorship requires almost no legal formalities. It can start the day you want it to start. One may even open a bank account on the name of your sole proprietorship concern.

In case you wish to have a trade mark, design and use it as your trade mark. One may even register a Trade Mark with the proper authorities.

The only thing you must take care of is that you have the required licenses specific to your line of business. For Example: If you are a doctor you need a license to practice etc. Find out about your line of business and what licenses you may require before setting up.

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Table Of Contents

  1. How to incorporate?
  2. Understanding Sole Proprietorships
  3.   - Advantages of Sole Proprietorships
  4.   - Disadvantages of Sole Proprietorships
  5.   - What kind of business is suitable for Sole Proprietorships?
  6.   - How to start a Sole Proprietorship business?
  7. Understanding Partnerships Business
  8.   - Advantages of a Partnership Business
  9.   - Disadvantages of a Partnership Business
  10.   - Different types of partnership firms
  11.   - Business suitable for Partnerships legal structure
  12.   - How to form partnership deeds & start a partnership firm?
  13. Understanding Joint Stock Companies (Private & Public Ltd.)
  14.   - Advantages of Joint Stock Companies
  15.   - Disadvantages of Joint Stock Companies
  16.   - Business suitable for Joint Stock Companies
  17.   - Procedure to start a Joint Stock Company? (Incorporation)