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 ...

Small companies in their early stages may operate as a sole proprietorship for many reasons. However, as a business grows, its needs change, and the owner may need enhanced protection for his personal ...

One is less expensive, while the other provides more legal protections. Here’s how to decide. Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is ...

Dana Miranda is a Certified Educator in Personal Finance, creator of the Healthy Rich newsletter and author of You Don't Need a Budget: Stop Worrying about Debt, Spend without Shame, and Manage Money ...

Dana Miranda is a Certified Educator in Personal Finance, creator of the Healthy Rich newsletter and author of You Don't Need a Budget: Stop Worrying about Debt, Spend without Shame, and Manage Money ...

One of the advantages of being in business for yourself is the freedom to give a family member or friend a job when one is needed. The Internal Revenue Service allows sole proprietors to hire their ...

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 ...

With a sole proprietorship, you and your business are the same legal entity. This means that you are personally on the hook for the debts and liabilities of your business. Personal assets-;such as ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

sole proprietorship is an unregistered business owned by one person. When you operate a business as a sole proprietorship, there's no distinction between you and the business (as there is with a ...