If a Sole Proprietorship is not registered, the business may face several challenges:
Legal Issues: Operating without the necessary licenses and registrations can lead to penalties and legal actions from government authorities.
Limited Access to Services: Unregistered businesses may struggle to open a business bank account, secure loans, or enter into contracts with clients and suppliers.
Lack of Credibility: Customers and partners may perceive an unregistered business as less credible or trustworthy.
Tax Compliance Issues: The proprietor may face difficulties in complying with tax regulations, leading to penalties or audits.
https://www.registerkaro.in/sole-proprietorship-registration
For more information, visit us on: https://www.registerkaro.in/