Proprietorship firm is a business entity where business is started and maintained by an individual and the person runs such a business is called proprietor for the said business. Most of the business in the infant stage is preferred to go with proprietorship registration considering the freedom for making decisions, lower tax rate, single handed operations, easiness of incorporation etc. There is no particular Act to regulate a Proprietorship, where legal compliances should be followed depends on the nature of business such as GST Registration, Trade License, and Food Safety License etc.