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Formal registration provides legal recognition to your business entity, enhancing credibility and trustworthiness among customers, suppliers, and financial institutions.
As a sole proprietor, your personal assets are directly linked to your business. Registering your proprietorship helps separate your personal and business liabilities, providing a degree of protection for your personal assets.
Registered proprietorships have access to various business opportunities, including government contracts, loans, and partnerships, which may require formal proof of business registration.
Registration ensures compliance with tax laws and regulations, allowing you to obtain a Permanent Account Number (PAN) and file income tax returns under your business name.
A registered proprietorship allows you to legally use your business name, enabling you to build brand recognition and reputation in the market.
As a sole proprietor, you have the freedom to make decisions independently and manage your business according to your vision and goals, without the need for extensive formalities or approval processes.
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