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A Proprietorship Firm is a one-person business where the owner manages, controls, and bears unlimited liability for profits and losses, with minimal legal forma
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
A Proprietorship Firm (or Sole Proprietorship) is the simplest form of business, owned and managed by a single individual. It has no separate legal identity from its owner, meaning the proprietor controls all operations, earns all profits, and bears all losses. The setup requires minimal legal formalities, making it popular among small traders, freelancers, and local businesses. However, the proprietor has unlimited liability, which means personal assets may be used to pay business debts. While easy to start and operate, it has limitations in raising funds, scalability, and continuity since it depends entirely on the owner.
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