Individuals may operate a business as a sole proprietor or they may take steps to form an incorporated business entity, such as an S corporation. The decision affects tax and personal liability of ...

Starting a business as a sole proprietor doesn't require the formation of a new business entity or the filing of documents, though it might be necessary if you need to obtain government permits ...

The business creditors can go against both the business’s assets ... they actually qualify as corporations. Some cities and counties also require sole proprietorships to secure a business ...

When starting a business (or growing a business from a sole proprietorship), the limited liability company (LLC) and the S corporation are the go-to entities for small business owners. Both ...

With sole proprietorship, taxes on the business’s profits are paid as part of the ... which can be more of a hassle to manage. Corporations are more often appropriate business models for larger ...

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 ...

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 ...

There’s little to no liability for ... You might be happy with a sole proprietorship or consider a partnership, LLC or corporation. Each comes with its own unique set of pros and cons.

If you're gearing up to start a business, you're probably wondering what type of entity you should register as: a sole proprietorship or a limited liability company (LLC). Both are common ...