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Sole Proprietor

A sole proprietor is someone who runs an unincorporated company, solely, or by themselves. Simply meaning the owner is acting alone in the business and there are no partners. Becoming a sole proprietor is a road most solitary business entrepreneurs tend to take. It is simpler than looking for someone who you can trust all your hard work with. A sole proprietor must pay with their personal funds for the assets and debts of the enterprise, and that being said, sometimes you need an experienced lawyer on your side.

Fast Facts

  • If you conduct business with your LLC as a corporation and, if you are the sole member of an LLC, you are not considered a sole proprietor.
  • Opening a business account with any bank requires that the sole proprietor to do business with a trade name other than their legal name.

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Search Results for "sole proprietor"

Articles

Results 1-5 of 18 for "sole proprietor"

  • Filing Bankruptcy as a Sole-Proprietor

    A personal chapter 7 bankruptcy does cover sole proprietorship. A sole-proprietorship is just another name a d...
    • Site: filingforbankruptcyonline.com
    • 1 of 1 user(s) found this useful

  • Sole Proprietorship Advantages

    LLCs have been the “hot” business structure for small businesses for some time now. Before them, subchapter-S ...
    • Site: smallbusinesslawfirms.com

  • Sole Proprietorship

    Sole Proprietorships are types of a business entity in which case has no isolated existence from it’s owner....
    • Site: smallbusinesslawfirms.com

  • Business Tax Attorney

    In any business taxation is an area where there is simply no room for error.  Additional taxes, interest, and ...
    • Site: taxationlawfirms.com

  • Business Law in Vermont

    Making the decision of whether or not to incorporate in the state of Vermont is based on many factors. Some bu...
    • Site: lawfirms.com

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