Paperwork, taxes and the level of control the individual retains over a company are all impacted by the structure chosen for a business. In a sole proprietorship, a single owner is responsible for ...

Business owners have a variety of choices when it comes to business structures. Choose wisely: A business structure affects how much the owner pays in taxes and the owner's legal liability for ...

Instead of starting a small business as a limited liability company (LLC) or corporation, many are opting for a sole proprietorship. Aside from legitimizing a side hustle, sole proprietorships can ...

As such, interest in independent business structures has also been growing – with many looking towards sole proprietorship as a way of legitimizing their freelancing gig or side hustle.

As a business owner, you'll most likely first choose whether to run your business as a sole proprietorship or an LLC (limited liability company). Your decision will have consequences not just for ...

Two of the most common forms of business for individual and small business owners are sole proprietorships and limited liability companies (LLCs). A sole proprietorship and LLCs share some ...

Commissions do not affect our editors' opinions or evaluations. A sole proprietorship is a business entity where all liabilities and financial obligations pass to the single owner of the business.

And deciding between a limited liability company (LLC) or a sole proprietorship can have consequences, especially when it comes to paying taxes, filing for bankruptcy or responding to business ...

One of the first decisions you need to make as a new business owner is to decide on an organizational structure. Two common types are sole proprietorships and limited liability companies (LLCs).

Things change in business, and there may come a time when you want to switch from a sole proprietorship to an LLC. You need to follow several steps to legally change to an LLC. A number of parties ...

Two of the most common business structures are sole proprietorship and limited liability company (LLC)—and choosing between a sole proprietorship vs. LLC can be difficult, as each has its own ...

For many small business owners, the choice will be between a sole proprietorship and a limited liability company (LLC). Here is what you need to know about each one to decide which might be right ...