The business owner of a sole proprietorship represents the company in totality. Also, the business owner in a sole proprietorship business is usually self-employed rather than the company's employee.

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 ...

A sole proprietor can own the business for any duration of time and sell it when he or she sees fit. As owner, a sole proprietor can even pass a business to heirs.

Sole proprietorships are taxed as pass-through entities, meaning that taxes flow from the business directly to the owner to pay. All the profits go to the owner.

Unlike a sole proprietorship, an LLC can help you avoid personal legal, tax and debt trouble if you are sued or a debt collector comes after unpaid bills for the business. Under a sole ...

A sole proprietorship is a business that is owned and operated by an individual person – it’s one of the easiest and most common types of business for individuals to set up.

A sole proprietorship is a great way to structure your business quickly, easily and cheaply, but there are liability risks. Here’s what you need to know.

A sole proprietorship has many benefits. It's easy to form, doesn't cost much in legal fees and the owner gets to keep all the profits. But, it has several disadvantages that a small business ...

A sole proprietor is someone who owns a business independently and hasn’t registered it as another type of business entity. Many sole proprietorships never register with the state, but it is ...

Starting a sole proprietorship is a low-effort endeavor. In most states, you won’t have to register any paperwork unless you’re operating under a fictitious name or “doing business as” (DBA).

The sole proprietorship is the most common business entity in the United States. This is because to start one you simply begin business activities and consider the income generated as a product of ...