Obtaining loans from banks or financial institutions is only by mortgaging the owner’s personal assets.
Public perception on sole proprietorship?
The Sole Proprietorship is regarded least trust worthy and credibility among all types of entities.
Fee for sole proprietorship?
The fees for registering or renewing the Sole Proprietorship is low when it compared with other form of business entitie...
Process for sole proprietorship?
An easy process to be completed within a few hours however it is still subject to referral to different authorities whic...
Can a bankrupt register for business?
No. Undischarged bankrupts could not manage the business without approval from the Court or the Official Assignee (OA).
Renewal of Sole Proprietorship.
Yes. The sole proprietorship is subject to renewal. In order to renew for either one or three years the owner must have ...