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What is a sole proprietorship; how it can be formed?

April 26, 2017formed proprietorship sole

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What is a sole proprietorship; how it can be formed?

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A sole proprietorship is a form of doing business where one person owns and runs a business under a specific business name. Any person interested in doing a business may start the same at any time by giving a particular name to its business. To start a business as a sole proprietorship no prior registration of it is required with any government department or authority.