Compare the pros and cons of sole proprietorship to decide if this is the best entity type for your small business. Many, or all, of the products featured on this page are from our advertising ...

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 ...

For many small business owners, the choice will be between a sole proprietorship and a limited liability company (LLC). Here is what you need to know about each one to decide which might be right ...

A sole proprietorship is an unincorporated business that is owned by one individual. It is the simplest kind of business structure. The owner of a sole proprietorship has sole responsibility for ...

A sole proprietorship is an informal business that isn’t legally separated from its owner. A sole proprietor is personally liable for any debts incurred by the business, including debts incurred as a ...

Whether you’re just starting your business, considering forming a formal legal entity, or interested in designating your company as an S corporation (S corp), we’ll walk you through everything you ...

Please view our full advertiser disclosure policy. miniseries, Getty Images Starting a sole proprietorship is a low-effort endeavor. In most states, you won’t have to register any paperwork ...

As such, interest in independent business structures has also been growing – with many looking towards sole proprietorship as a way of legitimizing their freelancing gig or side hustle.

It is a different ball game altogether to have a legacy. A challenge many sole proprietors face is how to establish a legacy that outlives their involvement in the business. A sole proprietorship ...

Instead of starting a small business as a limited liability company (LLC) or corporation, many are opting for a sole proprietorship. Aside from legitimizing a side hustle, sole proprietorships can ...

Some examples of sole proprietorships are local clothes stores, local shops, liquor or grocery stores, and other one-person-owned small businesses. Other examples can be self-employed freelancers such ...