A business structure in which an individual and his/her company are considered a single entity for tax and liability purposes. A sole proprietorship is a company which is not registered with the state as a limited liability company or corporation. The owner does not pay income tax separately for the company, but he/she reports business income or losses on his/her individual income tax return. The owner is inseparable from the sole proprietorship, so he/she is liable for any business debts. also called proprietorship.
Related information about sole proprietorship:
- Sole proprietorship - Wikipedia, the free encyclopedia
A 'sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual and in which ...
- Sole Proprietorships
Aug 29, 2012 ... Other Useful Forms for Sole Proprietorship · Publication 334, The Tax Guide for Small Business (for Individuals Who Use Schedule C or ...
- The Basics of Sole Proprietorships | Entrepreneur.com
May 12, 2005 ... The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity.
- How to Start a Sole Proprietorship | Inc.com
Sole proprietorships are so easy to establish that you may already own one without realizing it -- all the more reason for getting set up properly so that you can ...
- Sole Proprietorship - Legal Dictionary - The Free Dictionary
A form of business in which one person owns all the assets of the business, in contrast to a partnership or a corporation. A person who does business for himself ...
- Sole Proprietorship | California Franchise Tax Board
A sole proprietorship consists of only "one" individual; ownership by more than one person creates a partnership. (Note: A husband and wife can be classified as ...
- Sole Proprietorship Basics | Nolo.com
The sole proprietorship is the simplest legal structure for owning your own business.
- Sole Proprietorship: The Right Business Structure?
The most basic of all business legal structures is the sole proprietorship. For new start-ups the choice of becoming sole proprietorship is the simplest of all ...