Eligibility Criteria for Sole Proprietorship Registration
The eligibility criteria for sole proprietorship registration are:
- The applicant should be above 18 years
- The applicant should be an Indian Citizen
- They should have the legal capacity to enter into a contract
- The proprietor should not have any legal disabilities
- Applicant should not be declared bankrupt or convicted for a felony previously
- The purpose of the business should be clearly outlined while starting a sole proprietorship
- The business should be a lawful activity and should prevent selling illegal goods and services
- The business should have a unique name that was not registered previously