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 ...

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 ...

When you operate a business as a sole proprietorship, there's no distinction between you and the business (as there is with a ...

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 ...

Question: 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 ...

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 ...

A sole proprietorship is a business owned by one person or a married couple. It is the easiest and least expensive of the business structures to form. According to most recent data from the Internal ...

Forbes contributors publish independent expert analyses and insights. Mike Kappel is the Founder of Patriot Software, LLC. Starting a business is all about taking things one step at a time. One big ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

If you’re getting into business for yourself and want to legitimize your venture, you’ll need to incorporate. Often, the answer is a sole proprietorship. The simplest and most common form of business ...