The Sole Proprietorship is the simplest business form under which one person can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name, such as Fancy's Salon. The fictitious name is simply a trade name--it does not create a legal entity separate from the sole proprietor. The sole proprietorship is a popular business form due to its simplicity, ease of setup, and nominal cost. A sole proprietor need only register his or her name and secure local licenses, and the sole proprietor is ready for business. At firststartup, we provide a quick partnership registration that can be given with complete compliances in a short span of 2 days. You can contact our experts for gaining more knowledge on Partnership registration.