Can a Sole Proprietor Elect S Corp Status?
No. A sole proprietorship can’t elect or change to an S Corp directly. Instead, the owner will first have…
What Kind of Liabilities are Sole Proprietors Subjected to?
There are a few things that can be quite emotionally rewarding as seeing that business that had been just…
The Primary Goal of Financial Management for Sole Proprietorship
Just like we already know, a sole proprietorship has a single owner and the primary goal of this owner…
Can a Family Business Be a Sole Proprietorship?
Yes, a family owned business can be started and managed as a sole proprietorship. This is perhaps the easiest…
Can You Have Multiple DBA Under One Sole Proprietorship?
Yes, you can have multiple DBAs under a sole proprietorship, but it will depend on your geographic location. Depending…
How to Form a Sole Proprietorship – Types of Sole Proprietorship
Setting up a business in the United States can be quite complex, depending on the business structure you decide…
How to Change Partnership to Sole Proprietorship
Do you want to change your business entity from partnership to sole proprietor? If YES, here are 11 steps…
How to Transfer Ownership of a Sole Proprietorship in 6 Steps
Do you want to transfer your sole proprietor business to someone else? If YES, here is a 6-step guide…
How to Convert Sole Proprietorship to S Corporation
Do you want to change your business entity from sole proprietor to S Corporation? If YES, here is 5-step…
How to Change from Sole Proprietor to LLC
Do you want to change your business entity from sole proprietor to LLC? If YES, here are 10 steps…
Sole Proprietorship vs LLC vs Corporation vs Partnership – Which is Best for your Business
Do you want to know the best legal structure for business? If YES, here is a comparison between a…
7 Advantages of Using a Sole Proprietorship Entity for a Business
Why do some entrepreneurs choose the sole proprietorship type of entity and others do not? Is a sole proprietorship…