Sole Proprietorship refers to an entity run and owned by one individual wherein, there is no difference between the owner and the business. Sole Proprietorship is the easiest form of business done in India since it isn’t governed by any specific laws.
A sole proprietorship can operate under the name of its owner or else do business using a fictitious name. It is a popular form of business in India, because of its simplicity of set up and nominal cost. Proprietorship falls under the category of unregistered business.