A Sole Proprietorship is a business owned and operated by a single individual. Sole proprietor are personally liable for all business debts and legal obligations. It is the simplest form of business registration in Nepal, with fewer legal requirements.
A Partnership Firm is a business owned by two or more individuals who agree to share profits and losses.
This is the most common type of "gharelu" registration, involving businesses operating at a small scale.
This is also the most common type of ward office registration, involving businesses operating at a small scale.