Simplicity is the primary reason the majority of small business owners choose to form sole proprietorships. In 2007, business owners filed more than 23 million tax returns with sole proprietor income.

Careful planning around LLC vs sole proprietor taxes and LLC vs corporation tax advantages can reduce your bill.

Many startup companies begin as sole proprietorships and then switch to more formal business structures such as LLCs as they grow. Tax considerations play a key role in making that determination, as ...

Should I submit the 1120s form or the 1040 Schedule C for my LLC - single proprietor? Last year (first year of being an LLC) I sent in the 1120s, but I understand that because I am a sole proprietor, ...

Question: I have been in business for four years operating as a sole proprietorship filing on Schedule C of Form 1040. I have been debating switching to an S corporation. Can you please compare the ...

Choosing between a sole proprietorship and a limited liability company is a critical and unique choice for business owners: Each structure has its upsides and its downsides, and no new business owner ...

Millions of people across the world are sole proprietors, from the independent wedding calligrapher to the freelance logo designer. According to the Small Business Administration, a sole proprietor is ...

Determining what business structure is right for you is the most crucial step before starting a business. If you’re a first-time or seasoned business owner ready to start a new venture, weighing your ...

The sole proprietorship is both the simplest and most common type of business operating in the United States today. Most businesses that are owned and operated by one person take this form; in fact, ...

Opinions expressed by Entrepreneur contributors are their own. Q: With starting a home-based vegan foods business, is it better to set up as sole proprietor or LLC? A: I considered this question a few ...

Discover how sole proprietorships, LLCs, partnerships, C corps, and S corps are taxed. Choose the best structure for optimal ...

The birds are singing, the sky is blue and the lilacs are blooming, but I am fixated on a tax form bearing a yellow Post-it that says "SOS." The SOS is from myself to myself. This particular SOS ...