A sole proprietorship is one of the simplest and most popular forms of business in India, primarily due to its ease of setup. The sole proprietorship register process involves minimal documentation, and the owner can start operations without complex legal formalities. Proprietor firm registration typically requires basic details like identity proof, business address, and licenses such as GST or MSME registration, making it accessible for small businesses and individuals. The meaning of sole proprietor refers to a single individual who owns and controls the entire business, taking full responsibility for profits and liabilities. Among the key sole proprietorship benefits are the ease of management, complete decision-making power, and the ability to directly enjoy business profits. Another significant advantage is the simplified tax structure; sole proprietorship taxes are filed under the individual’s personal income tax, making the process more straightforward and less time-consuming. These benefits of sole proprietorship make it an attractive choice for entrepreneurs seeking flexibility and minimal regulatory burden.