[soplangi]

Is anyone here is a sole proprietor ? Is it better to start as sole or partnership firm

Cheers

[mike]

A sole proprietorship is a business which has only one owner. It is a "sole" proprietor in the sense that the owner has no partners. A sole proprietorship essentially means a person does business in his own name and there is only one owner. A sole proprietorship is not a corporation, it does not pay corporate taxes, but rather the person who organized the business pays personal income taxes on the profits, making accounting much simpler.

[angel]

sole proprietorship means you are the sole owner. you have freedomto do your business according to your way. you can run it your on your terms