Chirag Shah desires to open a sole proprietorship to do the business of managing “spiritual road shows” to be attractive. He decides to start his own business at Timbaktu [with a plan to expand it down south till Tirupur].

a) What are the merits and demerits of opening a sole proprietorship?

b) What is the procedure of opening/registration of the same? How is the process different from opening a partnership or a company? Should Chirag consider any other alternative form of business entity?