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 how each one works so you can decide ...

Do you own a business on sole proprietorship and thinking about taking it to the next big level? Well, you can consider ...

Income and losses are taxed on the individual's personal income tax return. The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is ...

While all freelancers are technically business owners, not everyone considers them such. In some instances, freelancers who ...

This business structure is the easiest and typically cheapest to register. As a sole proprietor, you should be prepared for higher taxes. First, you typically have to pay a self-employment tax. Then, ...

Commissions do not affect our editors' opinions or evaluations. Are you running a business and wondering which sole proprietorship bank account is best for your needs? Whether you’re a new ...

Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.

Visit americanexpress.com to learn more. As a sole proprietor, there is no legal separation between you and your business. Still, it's beneficial to separate your business and personal expenses to ...