Flying Solo: Sole Proprietorships

Posted by: Rod Kurtz on October 31, 2006

The simplest business structure is the sole proprietorship—the IRS’s automatic classification for any business started by an individual. Most new businesses with only one owner start out as sole proprietorships. Some never grow into anything larger. Others start adding partners and staff and may realize that incorporating is a wise decision for legal purposes.

To read the full story on AllBusiness.com, click here.

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