The proprietorship firm registration or business firm registration is a type of business entity that is owned and run by one natural person and in which there is no legal distinction between the owner and the business. The owner is in direct control of all elements and is legally accountable for the finances of such business and this may include debts, loans, loss, etc. The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts in Propritorship Firm Registration. Every asset of the business is owned by the proprietor and all debts of the business are the proprietor’s. The Government of India doees not fix any methodology for the Proprietorship firm registration. Therefore, the existence of a proprietorship is established only by tax registrations and other business registrations that a Proprietorship firm registration is required to have as per the rules and regulations. At Our Financial Advisor, the experts can help you establish an identity for your Proprietorship firm registration by obtaining the relevant registrations.