Tag: sole proprietorship

A sole proprietorship is a business that is owned and operated by one person. In a sole proprietorship there’s legally no distinction between the business owner’s personal assets and debts and the business assets and debts. If you’re thinking about the best way to set up your business and you think a sole proprietorship is […]

Sole proprietorship If you’re making money on your own and aren’t sure how the IRS is going to classify your income, chances are you’re a sole proprietor and didn’t even know it. A sole proprietorship is a business that is owned by a single person. You can either be running an unincorporated business or an […]