Starting one-person company gets easier for solitary entrepreneurs

Starting one-person company gets easier for solitary entrepreneurs
ETtech

Illustration: Rahul Awasthi

Synopsis

The Budget proposal to easily start one person companies can spur micro-entrepreneurship in Bharat and encourage NRIs to start up in India.

In an era of startups, gig economy and atmanirbharta, entrepreneurial ventures sound like a great idea. Besides, with Covid shocks shrinking businesses and leaving people jobless, it has become all the more compelling to start a venture based on one’s own ideas. While starting a small business sounds simple, it can give considerable stress to a person doing it all alone. There is a long list of dos and don’ts that hamper the ease of starting up
( Originally published on Feb 06, 2021 )

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