There is no limitation on the number of persons to start a business. A single person can start their business. A business owned, managed and controlled by an individual called Proprietorship Firm. In India, more than 95% of business is conducted by individuals and they do so as a proprietorship firm. A proprietorship Firm has the least compliance to do so. There is no separate registration required for creating a proprietorship firm. A person can start its business in any name as he desired. Even a name is not required to register for a proprietorship firm. The liability of proprietor of proprietorship firm is unlimited. The owner (The proprietorship) is responsible for all activities undertaken under the proprietorship firm business. As there is no separate registration is required for a proprietorship firm, a proprietorship firm has to take various registration such as GST Registration, Shop Establishment Registration, MSME Registration for the execution of business.