Millions of people across the world are sole proprietors, from the independent wedding calligrapher to the freelance logo designer. According to the Small Business Administration, a sole proprietor is ...

Sole proprietorships, which are easily the most common type of business, are owned by one person. Business licenses and permits aren't always required, and earnings pass through to the owner's ...

The SBA released much needed guidance and regulations on applying for the Paycheck Protection Program (‘‘PPP”) for individuals who file tax returns as independent contractors or sole proprietors. This ...

At least 61 percent of sole proprietor companies are underreporting their net business income, but a small proportion of them account for the bulk of understated taxes, according to a report by the ...

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 ...

Partners and sole proprietors are self-employed individuals, not employees, and the rules for personal health insurance apply ( Q 342, Q 343). Partners and sole proprietors can deduct 100 percent of ...

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 ...

When you’re starting a business, one of the first big decisions you’ll face is choosing the right business structure. It’s ...

Self-employment and side hustles have been booming in popularity, which complicates taxes for some. Financial planner Nate Hoskin said for most side hustles it's best to be a sole proprietor or have ...

Small businesses -- especially home-based businesses -- are often operated by one individual as sole proprietorships. Some businesses may change to another type of business entity as they grow, such ...

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 ...