This unlimited liability goes beyond the business entity to the owners themselves. Sole proprietorships must rely on standard funding like bank loans or lines of credit. Banks may view a new ...

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 ...

One-person businesses do not need to register with the state to exist, unlike corporations and limited liability companies ... or its employees are sued, a sole proprietorship owner may not be held ...

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 ...

A sole proprietorship ceases on the death of the proprietor. · There is unlimited liability of the owner. · Distributions to the owner are nontaxable. The major attributes of an S corporation ...