This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Federal, state and local agencies impose recordkeeping ...

Sole proprietorships, which are easily the most common type of business, are owned by one person. Business licenses and permits aren't always required, and earnings pass through to the owner's ...

At least 61 percent of sole proprietor companies are underreporting their net business income, but a small proportion of them account for the bulk of understated taxes, according to a report by the ...

The SBA released much needed guidance and regulations on applying for the Paycheck Protection Program (‘‘PPP”) for individuals who file tax returns as independent contractors or sole proprietors. This ...

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When you're starting a small business on your own, choosing a setup - or business structure - can seem daunting. As a business owner, you'll most likely first choose whether to run your business as a ...

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 ...

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 ...

When you’re starting a business, one of the first big decisions you’ll face is choosing the right business structure. It’s ...

The Legislature’s plan to enact a gross receipts tax to fund schools is a great idea with some devils in the details. The main opposition I have to the bill is that it includes sole proprietors.