You have been depositing client payments into your personal checking account for months. Tax season arrives, and you spend an entire weekend scrolling through transactions, trying to separate the ...

A sole proprietor is not entitled to tax deductions on salary paid to himself because these payments are not business expenses. When a sole proprietor pays himself a salary, he merely is transferring ...

A sole proprietor can legally hire employees. There is no law requiring you to form an LLC or corporation before bringing someone onto your team. However, hiring as a sole proprietor triggers specific ...

Small businesses -- especially home-based businesses -- are often operated by one individual as sole proprietorships. Some businesses may change to another type of business entity as they grow, such ...

ERGO NEXT reports that entrepreneurs choose business structures like LLCs, sole proprietorships, or corporations based on ...

Advertising disclosure: When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. Like any other business, sole proprietorships need ...

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 ...

Editor’s Note: Each week, Maynard Webb, former CEO of LiveOps and the former COO of eBay, will offer candid, practical, and sometimes surprising advice to entrepreneurs and founders. To submit a ...

ERGO NEXT reports that sole proprietors' workers' comp insurance requirements vary by state and industry, often depending on ...