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Aanya Vashishtha
Drafting Airtight Ag... • 1d
"Sole Proprietorship vs. Private Limited— Imagine this: You’re launching your dream business. You’ve got the idea, the drive, and maybe even your first few clients. But then, the big question hits you— "Should I register as a Sole Proprietor or a Private Limited Company?" Let’s break it down—without the legal jargon. ✅ Sole Proprietorship: The "Fast & Simple" Route - You’re the only owner. - Quick & easy setup—just a GST registration, and you’re rolling. - Perfect for freelancers, agencies, and early-stage hustlers. - BUT: Your personal and business finances are the same—which means if things go south, your personal assets are at risk. Private Limited: The "Growth-Oriented" Choice - A separate legal entity—your company is its own person (legally). - Can raise funding—investors take you seriously. - Limited liability—your personal savings stay safe. - BUT: More paperwork, compliances, and annual filings. So, what should YOU pick?
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