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Starting A Business Sole Proprietor Or Corporation
By Kris Bickell
When starting a business, it is important to consider the potential tax and legal issues. Most people choose a sole proprietor as their business type when starting out. Starting your business as a sole proprietor does not require any special paperwork from the IRS.
Which is exactly why most people start out this way. Being a sole proprietor means that you and the business are one and the same.
According to the IRS:
A sole proprietorship is an unincorporated business that is owned by one individual. It is the simplest form of business organization to start and maintain. The business has no existence apart from you, the owner. Its liabilities are your personal...
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