Sole Proprietorship

Depreciation plays a large part in running a sole proprietorship in a number of different ways. Learn about depreciation in a sole proprietorship with help from a business consultant and marketing…

If you have a new sole proprietorship with no sales in the first year, there are a number of things you need to know. Learn about new sole proprietorships with no sales in the first year with help…

Paying your children with a sole proprietorship certainly has its fair share of disadvantages. Learn about the disadvantages of paying your children with a sole proprietorship with help from the…

A sole proprietorship offers advantages over other types of business formations, because it requires less paperwork than a limited liability company or corporation. Starting a sole proprietorship in…

A sole proprietorship gives individual owners a simple way to run a business without much regulation from outside agencies. As the sole proprietor, the business begins and ends with you. Upon…

Sole proprietorships are unincorporated businesses owned and operated by individuals and married couples. Sole members of limited liability corporations also are considered sole proprietors provided…

Many nonprofit organizations that operate for the sole purpose of promoting a charitable or other eligible activity can apply for tax-exempt status with the Internal Revenue Service. If you operate a…

By definition, a sole proprietorship is an unincorporated business owned by a single individual. Therefore, it cannot have multiple owners unlike other types of legal business structures. Operating a…

A sole proprietorship is the simplest business structure. You don't have to file with the state to set it up, and tax law treats your business income like your personal income. The IRS treats your…

If only setting up a business were as simple as closing your eyes, visualizing a new business and clicking your heels together three times. The truth is, setting up the type of business known as a…

A sole proprietorship in Georgia is an unincorporated business owned by a single person. A husband and wife may operate a sole proprietorship in Georgia. As the company begins to grow, a sole…

A North Carolina sole proprietorship begins automatically when a single individual or a husband and wife decide to start a business. Sole proprietors in North Carolina have complete control over every…

One of the most essential decisions business managers make when creating a new business is choosing the legal structure of the business. The legal structure of a business can impact how a company is…

Estate planning and contingency planning both involve making decisions about how to distribute and handle your property if you die or become incapacitated and cannot act on your own. If you own a sole…

There is no law that states that individuals who are sole proprietors cannot participate in joint business ventures. However, when you do go into business with another entity, whether that entity is…

As a North Carolina business owner, you are required to register an assumed business name for your sole proprietorship if you are conducting business under a name other than your legal name. If you…

Dentists beginning their own practice may find a sole proprietorship tempting. Because there's no legal separation between proprietors and their businesses, proprietorships are easy to establish,…

When you operate a business under your legal name, the business is considered a sole proprietorship. As a sole proprietor, you are fully liable for everything that happens in and through your…

Many people dream about opening their own business, but if you want to make that dream into a reality, you have to learn the legalities of operating a business as well as marketing and other business…

One of several changes that occur when sole proprietors incorporate their businesses is that the owner's personal assets are protected from company lawsuits and debts. The law recognizes corporations…

Sole proprietorships are businesses owned and operated by one person. Titling a business in this manner is problematic when the owner dies, as technically the sole proprietorship ceases to exist. It…

An entrepreneur makes plenty of key decisions in launching a business. Chief among them is the business structure to use, and tax considerations weigh heavily in making that decision. The tax…

A sole proprietorship is a unique business structure in that it can be started or dissolved without formal paperwork. An individual who goes into business for himself without a separate business…

Lawyers can start their businesses as sole proprietorships, the most common business structure in the United States. The process of setting up sole proprietorships is very easy; in fact, lawyers who…

As a sole proprietorship, your business is unique from other types of businesses. You don’t have to file legal paperwork to announce that you’re now an entrepreneur; you just have to…

Individuals in Colorado have three business structures other than sole proprietorship to operate their companies under. The limited liability company, LLC; partnership; and corporation structures have…

A sole proprietorship is a legal business form, useful for establishing yourself as a business and tax entity. However, it tells someone reading your resume next to nothing about your ability to do…

Sole proprietorships are the simplest type of business structure -- a sole proprietorships does not require a formal registration to set up. However, although sole proprietorships are simple and…

Starting a new business can be a daunting challenge. There are various types of entities to use in setting up your business. The easiest and most cost-effective way to run a business is to establish a…

According to Financial Web, more than 70 percent of businesses in the United States are sole proprietorships. In contrast to traditional corporations, which can have many owners and shareholders, a…

Charlotte is one of the best places for entrepreneurs to start their businesses according to the Charlotte Chamber of Commerce. The most cost-effective way for entrepreneurs to open their businesses…

The state of Kentucky has rules regarding the opening and operating of sole proprietorships in its jurisdiction. These rules outline how owners register their business names and pay business taxes,…

Sole proprietorships are the simplest and most inexpensive business structures to operate in comparison to partnerships or corporations. In California, it is only necessary to file a fictitious name…

A sole proprietorship is a business structure in which one person, or a person and his spouse, owns the business. The Internal Revenue Service views the owner of such a business as personally liable…

The sole proprietorship is one of four major business organization models in the United States along with partnerships, corporations and limited liability companies. Although it is the simplest and…

One preliminary concern that must be addressed when starting a business is what type of structure it should take. There are several business structures. Sole proprietorships, partnerships and…

At some point in their careers, sole proprietors of small businesses may want to re-enter the traditional workforce as employees. For some small business owners, the expenses and commitment required…

If you go into business by yourself, you are automatically operating a sole proprietorship, unless you take specific steps to form another entity. In Arizona, your choices are to remain a sole…

Sole proprietorships and corporations are types of business entities. State laws govern the registration and formation requirements for business owners to establish their sole proprietorships and…

A sole proprietorship is a business owned by one person. Just like a corporation, these businesses need to keep track of their financial progress through accounting processes and procedures. One of…

You've determined that the low start up costs and retention of 100 percent control of your operation make sole proprietorship the right business structure for you. Massachusetts requires sole…

Most businesses can be classified as either a sole proprietorship, a partnership or a corporation. One single individual musters the resources to start up and then run a sole proprietorship. In…

Sole proprietors and partnerships represent nonincorporated business models. These businesses do not receive the protections offered to corporations. Specifically, sole proprietors and partnerships do…

When operating a small business, owners can choose to take compensation in a few different ways, depending on the structure of the business. Many owners choose to pay themselves a market rate salary…

According to the Mississippi Small Business Development Center, "Small businesses account for approximately 98 percent of all businesses in Mississippi today." If you want to join that 98 percent of…

A sole proprietorship in Alabama is the most basic business form available. A sole proprietorship can range from a one-person catering service run out of your home kitchen to a full-fledged law firm…

One of the many challenges facing anyone starting a new business is deciding the type of business entity to set up. For a business that is going to be run by one person, the two logical options are a…

Starting a business in Texas is a relatively simple process consisting of four basic steps. You'll want to pick a business structure, request an Employer Identification Number (EIN) from the Internal…

An LLC, or limited liability company, is a state-based business entity that combines the liability protection of a corporation with the simplicity of a partnership. The structure of an LLC is…

An LLC, or limited liability company, is a company that mixes corporation and partnership characteristics. It is a way for a group of people to receive some of the protection and benefits of a…

Considered one of the least-complicated business entities to operate, a sole proprietorship is also one of the least-complicated business forms to start in California. Depending on your choice of…

Owning a business can be an exciting and profitable way to earn a living, but it can also be stressful and risky. Businesses can have many different structures. A sole proprietorship, for example, is…

In a sole proprietorship, a single individual (the "sole proprietor") owns the business and manages it himself. A limited liability company ("LLC") will often have multiple owners, and provide those…

Every business, large or small, has a legal business name. The legal business name of a business organized as a corporation or LLC is the name chosen when the paperwork was filed to create the…

Sole proprietorship refers to an unincorporated business run by a single individual. There are major advantages to assuming sole proprietorship status under American tax law. For business owners,…

Comparing the taxation of a sole proprietorship and a limited liability company can be confusing, especially for new business owners. Sole proprietors are subject to relatively simple tax…

A sole proprietorship is a very basic business structure in which an individual owns and exercises direct control. Unlike a corporation, a sole proprietorship is relatively easy to set up, with few…

In order to protect personal assets, many people are transferring the ownership of real estate and other assets to an LLC. A limited liability company cannot be held responsible for personal debt and…

A limited liability corporation (LLC) combines a partnership and a corporation. Owners of an LLC are protected from personal liability, i.e. lawsuits, and personal bankruptcy. LLCs are common among…

As a Nevada sole proprietor, you enjoy the luxury of operating a business on your own. However, there may come a time in which you wish to expand your business to include more partners. You may also…

LLC business models are often one of the most common business structures found in America. LLCs are popular for their safety and asset protection. In a lawsuit, personal assets of the members are…

A sole proprietorship exists when one person owns all of a business. Such businesses often consist of simply that one person, although they might have a few employees. In a sole proprietorship, all of…

Limited Liability Companies have become a popular choice of business structure for small business, particularly start-ups run as simple partnerships or sole proprietorships. LLCs are regulated by the…

Sole proprietorships are businesses with only a single owner that have not been incorporated or formed into some other business structure such as a limited liability company. A sole proprietorship…

One of the simplest forms of business is a service based business that operates as a sole proprietorship. Sole proprietorships are owner/operator companies that use the tax ID number of the owner for…

An LLC is a Limited Liability Company. According to the IRS, an LLC is a business structure permitted to exist by state statute. It offers the personal protection of a corporation.

Dissolving a corporation is not as simple as closing its offices and walking out the door. Shareholders must consent, government forms must be filed, assets must be liquidated, and debts must be paid.…

The sole proprietorship is the most basic business entity. Unlike a corporation, it is not registered with a state and does not provide protection from liability. This means the debts of the sole…

Sole proprietorship is a business form recognized in almost every jurisdiction throughout the world. While many different corporate forms have their advantages and disadvantages, the sole…

When establishing a business, taxes play a major role in determining which type of entity is created. In the case of sole proprietorships and limited liability companies (LLCs), there are a number of…

Anyone starting a business in the United States has a choice as to how to organize the business. Two of the most common forms of organization are sole proprietorships and partnerships. Each has…

Of all the business organizations available, sole proprietorships are the easiest to form. Taxed by the IRS as an individual, these organizations are very common and can be formed in any state with…

A sole proprietorship is one of the four basic types of business organization. The easiest kind of organization to create, it also has some of the largest drawbacks. A sole proprietorship is not…

Those looking to form a business must first determine the type of company they wish to form. There are many types, but a Limited Liability Company (LLC) is a good choice for many small-business…

As in the United States, Canada collects annual income taxes. If you are self-employed, owning a business as a sole proprietorship, there are many tax deductions available to you when filling out your…

Most people know sole proprietorship and a partnership to be two separate business descriptions. However, another description has arisen--the sole partnership. It is essentially a fancy way of saying…

Filing for a business sole proprietorship can require listing a fictitious name in the local newspaper, but rules can vary from state-to-state. Submit the appropriate licenses and permits for a sole…

Forming a sole business proprietorship requires checking with state and local county ordinances for license and permits. Learn how simple it is to form a sole proprietorship, which may only require…

Creating a sole proprietorship involves filing a fictitious name and contacting the local small business administration for licenses and permits. Starting a sole proprietorship is simpler than…