What is Business Incorporation?
Business incorporation service refers to professional assistance provided to individuals and businesses during the process of legally establishing a company or entity. This involves navigating the complexities of legal and regulatory requirements to formally register the business with the relevant government authorities. These services simplify the process, ensuring compliance, and saving time and effort for entrepreneurs.
A proprietorship, also known as a sole proprietorship, is a type of business structure where a single individual owns, manages, and is personally responsible for all aspects of the business. Essentially, there’s no legal distinction between the owner and the business itself. This means the owner is personally liable for all business debts and obligations. It’s the simplest form of business to set up, often requiring minimal formal registration. More Details