A Sole Proprietorship maybe the easiest legal structure, but it "is not" the safest for the business owner's personal assets. The best legal structure to have is a business incorporation or LLC, Limited Liability Company. There is virtually no start up cost (incorporation fees), as a sole proprietor.
A sole proprietorship is easier to maintain since the sole proprietor does not have formal meetings or state reporting requirements.
Sole Proprietor: Is an Individually owned business with no state registration required. Local registration, business license or permits may apply in your state.
Liability: The sole proprietor can be liable for any and all business related expenses and obligation. Form your business incorporation as a C Corporation, S Corporation or LLC, Limited Liability Company and start protecting your personal assets today.
Which business structure is right for you? See our chart on
Comparison of Business Structures
Taxes: Income or losses are reported on the sole proprietor’s personal income tax filings. Click here for more details about sole propitiator and taxes.
Management: The sole proprietor has complete control of decision making and business operations.
Existence: The sole proprietor's business dissolves when operations of the business cease or the death of the owner, but can still operate if sold to another or is given to a beneficiary.
Operation requirements: Very few legal requirements.
If your state requires a DBA, Doing Business As, BizCorpUSA.com can help you file and register your business name.
Which business structure is right for you? See our chart on
Comparison of Business Structures
Why use BizCorpUSA.com?
See our Price and Feature Comparison Chart
Get started on your business incorporation today