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 ...

There are more sole proprietors in the United States than any other type of business. According to the U.S. Census Bureau, there were more than 21 million sole proprietorships registered in 2015. Sole ...

Sole proprietors must abide by laws and regulations about business licenses and other matters. Learn about municipal rules ...

Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Khadija Khartit is a strategy, investment, and funding expert, and an ...

One is less expensive, while the other provides more legal protections. Here’s how to decide. Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is ...

Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about empowering ...

Sole proprietorships are the simplest business entity — their taxes are pretty straightforward, too. Many, or all, of the products featured on this page are from our advertising partners who ...

Determining what business structure is right for you is the most crucial step before starting a business. If you’re a first-time or seasoned business owner ready to start a new venture, weighing your ...

A sole proprietorship gives you full control, but your personal and business assets are one and the same. Many, or all, of the products featured on this page are from our advertising partners who ...