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 ...

Nearly Three-Fourths Of The Millions of small businesses in the United States are sole proprietorships, according to the U.S. Department of Commerce. Obviously, that makes the "mom and pop" form of ...

The most common and simplest form of business is a sole proprietorship. An individual proprietor owns and manages the business and is responsible for all transactions. The owner is also responsible ...

In business, "net income" is synonymous with profit. Depending on the legal structure of your business, however, net income represents either before-tax profit or after-tax profit, a difference that ...

A sole proprietor owns and operates a business as an individual, not subject to stringent federal or state regulations. A sole proprietor and his business are a singular entity; his name is the ...

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 ...

If you’re starting a business, you’ll need to decide on a business entity type. Two popular options among new business owners are sole proprietorships and limited liability corporations (LLC). Which ...

Q I have been in business for four years operating as a sole proprietorship filing on Schedule C of Form 1040. I have been debating switching to an S corporation. Can you please compare the two? A The ...

If you run a business, you will hear endless advice about how you need to incorporate or form an LLC, as those entities provide protections separating your personal assets from your business assets.

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, ...