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Sole Proprietorships
Sole proprietorships are the simplest of all legal structures but they also lack many of the legal and financial protections of other business forms. This section provides both basic and in-depth information about sole proprietorships, including tax implications, state registration requirements, what to expect when running a business with your spouse and more. It also features step-by-step help to get you get started.
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Learn About Sole Proprietorships
Legal and Tax Basics:
- Sole Proprietorship Basics - Overview of how to set up a sole proprietorship.
- Starting a Sole Proprietorship FAQ - Answers to common questions about starting a sole proprietorship.
- How Sole Proprietorships are Taxed - The tax obligations of sole proprietorships.
- What Tax Forms Do Sole Proprietorships Need? - Federal tax forms for sole proprietorships, including links.
- Running a Business with Your Spouse - Tax and ownership implications for sole proprietorships run by married couples.
Start a Sole Proprietorship:
- Checklist: Starting a Sole Proprietorship - Four main steps to starting a sole proprietorship.
- Naming Your Business - Articles and resources to help you name your business.
- Federal Start-Up Requirements - Overview of federal small business requirements.
- State Start-Up Requirements - State-specific links for obtaining business licenses and permits.
- State and Local Licenses and Permits - Overview of license and permit requirements for start-ups.
See also:
- Do You Need an Employer Identification Number (EIN)? - Worksheet to determine whether you need a federal tax ID number.
Sole Proprietorship Resources
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