How to Form a Business Sole Proprietorship

This is an article on how to form a business sole proprietorship.

Instructions

1. Step 1) Sole proprietorships are the least complicated form of business designation. Essentially, sole proprietors are self-employed. The first step in forming a sole proprietorship is choosing your CRAFT. If you are going to be the name and face of your business, you need to be good at what you do whether you're a plumber, artist, lawyer, doctor, etc.

2. Step 2) The second step in forming your business sole proprietorship is going to the county clerk's office and getting your BUSINESS LICENSE. Make sure you pick out a catchy name to draw people to your business. On the business license application form, you will have the choice of choosing between LLC, partnership, corporation, sole proprietorship, etc. Obviously choose sole proprietorship.

3. Step 3) The third step in forming your sole proprietorship is going to the bank and opening a BUSINESS BANK ACCOUNT. For example, "John Smith doing business as (dba) Smith plumbing." While there are many attributes of sole proprietorships, the biggest drawback is personal liability. I hope this has been a helpful guide on how to form a sole proprietorship. Good luck!