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.

Sole proprietorships offer easy setup and tax benefits as they lack formal registration requirements. Personal assets are at risk in a sole proprietorship as there's no legal separation from the ...

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 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 from ...

Starting a new business gives the owner the opportunity to earn income based on the revenue the company generates. A sole proprietorship is a business that has a single owner who fully controls what ...

Sole proprietors must abide by laws and regulations about business licenses and other matters. Learn about municipal rules ...

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If you're starting a small business, generally the first step is setting up the legal structure of your business. There are several options, even if you're running a solo operation, which can get ...