Sole Proprietorship = My Biggest Business Mistake
A sole proprietorship is the simplest way to run a business... Turns out it's also pretty risky. Learn from my mistake!
Getting Financing for a Sole Proprietor
Sole Proprietorship Loans
Legal procedure. If a sole proprietorship is conducted in a name other than the full name of its Owner, it is required to register. Registrar of the respective Provincial Council is The authorized officer to register business names.
Understanding the Pros and Cons of Limited Liability Corporation Versus Sole Proprietorship Vital Before Starting a New Business By Kenneth J. Bloom
Individual 401k. The Individual 401k is a 401k plan that is available to sole proprietorships. Sole proprietors are eligible for an Individual 401k provided they have no W-2 employees (other than a spouse) who work more than 1,000 hours per year.
I agree that you need to consult with a lawyer and/or an accountant to see which would be best for you. I have a sole proprietorship because I work out of my home and have no employees, but a bigger entity would require an LLC or a corporation to protect your own personal assets.
Selecting Your Business Form Sole Proprietorship The majority of all small business start out as Sole Proprietorship.These firms are owned by one person, usually the individual who has day-to-day responsibility for running the business.
Financing and Loans. When you own a sole proprietorship, financial institutions and other investors often have only your personal credit information from which to make a lending decision, since ...
Considering that the most common, albeit dangerous, method of operating a business is as a sole proprietorship, you may well be running a sole proprietorship currently. Although sole proprietorships are easy and cheap to start, they offer zero liability protection, and they give your customers and ...
Before anything else, you should be at least 18 years old and a Filipino citizen in order to register a sole proprietorship business. If you already possess those prerequisites, then you may go ahead and process the paperwork.
Sole proprietorship, LLC, C-Corp.? Take our two-question quiz to find out which type of business structure is right for your enterprise.
As a budding entrepreneur, you may face the issue of whether to start out as a sole proprietorship or a limited liability company (LLC). There are key advantages and disadvantages to each form of business and the nature of your enterprise and other business and personal circumstances may impact your choice. Here are some important factors to consider when assessing the main pros and cons of a ...