Category Archives: Sole Proprietorship
Retirement Plans for Sole Proprietors
Sole proprietors have a lot to worry about. Owning your own business can be fun and freeing, but also complex. You need to constantly be worrying about money. Do you have enough? Even when you retire, the money problems don’t end there. Now you need to worry about consistent income. Even if you get… Read More »
How to Build Credit as a Sole Proprietorship
A sole proprietorship is the easiest and fastest way to start and run a small business in the United States. It’s also the most common type of business formation, with a large majority of businesses run this way. However, getting money is not easy, and small businesses need a lot of money. Business owners… Read More »
Why Growing an E-Commerce Business is So Hard
If you want to be your own boss, like many Americans, then you probably want a sole proprietorship. If you don’t have a business partner, then this is the easiest business structure to maintain. Many sole proprietorships get into the e-commerce business. While it’s important for a small business to have its own website… Read More »
Starting a Business Quickly With a Sole Proprietorship
Many people dream of starting their own business but find the process daunting. They may think the process will be lengthy and confusing. Many processes can be complex, but if you opt for a sole proprietorship for your business, it will likely be easier. In the United States, a sole proprietorship is the easiest… Read More »
Florida Ranked Best State for Small Businesses
Looking to start a business? Many people have been bitten by the entrepreneurship bug. They are looking to ditch the traditional 9-5 routine and run a business on their own terms. If you’re looking to start a sole proprietorship or small business, you may wonder about location. Where’s the best place to start one?… Read More »
Changing From A Sole Proprietorship To An LLC
Owning your own business comes with perks. You get to run the company however you want and work the hours you want. You don’t have a boss, which can be nice. Running a business also means you have to make some hard decisions. For example, how will you structure your company? Many people choose… Read More »
Disadvantages Of A Sole Proprietorship
If you desire to start your own business, the good news is that you can easily do it with a sole proprietorship. A sole proprietorship is a business owned by one person. Sole proprietorships are easy to form. There’s very little paperwork to get started and it’s inexpensive to do so. However, there are… Read More »
How The Right Business Formation Can Reduce Your Tax Bill
Early on in your business, you likely made little money as a sole proprietor. However, in an instant, your business could explode. And so can your tax bill. This is what happened to one entrepreneur. A board game creator, he made less than $6,500 in revenue in a four-year period. Because his revenue was… Read More »
Changing A Sole Proprietorship To An LLC
If you’re a budding entrepreneur, there are various business formations to consider. Most business owners without employees will opt for a sole proprietorship. This formation is easy to set up and it’s cheap to do. However, things change over time and as your business grows, you may decide that a sole proprietorship no longer… Read More »
Dealing With Taxes As A Sole Proprietor
If you’re considering starting your own business and have no partners, a sole proprietorship is probably your best bet. You’ll be entitled to your own income. This is the easiest business structure and taxes are typically quite easy. You can simply report your company’s income and deductions on your personal tax return, so there… Read More »