A sole proprietorship is a business owned by a single person or by a husband and wife. Sole proprietorships are the most common and least expensive type of business to form, according to Lawyers.com.

A major difference between a sole proprietorship and a corporation is the amount of liability for the owner. With a sole proprietorship, the owner has unlimited liability. All of his personal assets ...

A sole proprietorship gives you full control, but your personal and business assets are one and the same. Many, or all, of the products featured on this page are from our advertising partners who ...

Determining what business structure is right for you is the most crucial step before starting a business. If you’re a first-time or seasoned business owner ready to start a new venture, weighing your ...

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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 ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. A sole proprietorship is a common business type many ...