A sole proprietor is a single business owner who has complete responsibility for and retains all decision-making rights for the operation of his business. The Internal Revenue Service considers a sole ...

Operating a sole proprietorship does not mean that you have to do it alone. Sole proprietorships are the simplest of all business entities to set up. Many times they are not formally set up but spring ...

The sole proprietorship is both the simplest and most common type of business operating in the United States today. Most businesses that are owned and operated by one person take this form; in fact, ...

This guide explains how an LLC vs. sole proprietorship differs in terms of formation, operations, management, taxes and legal protection. Many, or all, of the products featured on this page are from ...

Sole proprietorships are the simplest business entity — their taxes are pretty straightforward, too. Many, or all, of the products featured on this page are from our advertising partners who ...

Choosing between a sole proprietorship and a limited liability company is a critical and unique choice for business owners: Each structure has its upsides and its downsides, and no new business owner ...

One is less expensive, while the other provides more legal protections. Here’s how to decide. Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is ...

sole proprietorship is an unregistered business owned by one person. When you operate a business as a sole proprietorship, there's no distinction between you and the business (as there is with a ...

When you're starting a small business on your own, choosing a setup - or business structure - can seem daunting. As a business owner, you'll most likely first choose whether to run your business as a ...

Determining what business structure is right for you is the most crucial step before starting a business. If you’re a first-time or seasoned business owner ready to start a new venture, weighing your ...

Jane Haskins practiced law for 20 years, representing small businesses in startup, dissolution, business transactions and litigation. She has written hundreds of articles on legal, intellectual ...