Sole Proprietors

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Here's where you'll find information about the simplest business structure for a one-person business, the sole proprietorship. Learn how sole proprietorships are created, who can own a sole proprietorship, how they are taxed, and the risks of running a sole proprietorship.

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Sole Proprietorship Basics

Sole Proprietorship Basics
Learn what it means to be a sole proprietor and what local registration, business license, and permit laws you may need to comply with.
How Sole Proprietors Are Taxed
Find out how pass-through taxation works and learn about other tax issues unique to sole proprietors.
50-State Guide to Establishing a Sole Proprietorship
Everything you need to know to become a sole proprietor in any state.
Fictitious Business Name Requirements for Sole Proprietors
Do not neglect or put off registering your fictitious business name.
Sole Proprietorships vs. LLCs
What's best? It depends. Read about the pros and cons of these different business structures.
Liability Concerns for Sole Proprietors
Liability issues are of particular concern for sole proprietors because the owner is personally liable for claims against the business.
When Does a Sole Proprietor Need an EIN?
Find out when an EIN is required for a sole proprietor--and why it's usually a good idea to get one anyway.

Running Your Sole Proprietorship

Start-Up Bureaucratic Requirements for Sole Proprietorships
Make sure you know the various federal, state, and local registrations that identify your sole proprietorship for tax and legal purposes.
Sole Proprietors: How to Pay Estimated Taxes
Make sure you understand the rules on paying estimated taxes if you're a sole proprietor.
Locating Your Sole Proprietorship at Home
Before getting started, make sure you know what is required to run a business from your home.
Risk Management for Sole Proprietors
Managing risk carefully is especially important for sole proprietors, who are personally liable for all debts and claims against the business.
Office Space Options for Sole Proprietorships
Make sure you consider all your alternatives for office space.
Opening a Business Bank Account
Some practical advice on this crucial first step for every business.
Business Liability Insurance
Learn about the importance of liability insurance for small businesses.

FAQs on Sole Proprietors

Name, Location & Licenses Learn more

Articles and information on choosing your business name, trademark law, license and permit requirements, and finding the right business space.

Your Home Business Learn more

Articles related to home businesses, including the home office deduction, zoning issues related to your home business, and home business insurance.

50-State and Federal Small Business Resources Learn more

Links to the most valuable federal and state agency resources for small businesses, including every state's Secretary of State office, official tax agency, and state license and permit information.