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  2. Sole proprietorship - Wikipedia

    en.wikipedia.org/wiki/Sole_proprietorship

    A permitted exception to the sole proprietor (single owner) stipulation is made by the Internal Revenue Service (IRS) permitting the spouse of a sole proprietor to work for the business. They are not classified as partners in the enterprise, or an independent contractor , enabling the business to retain its sole proprietorship status and not be ...

  3. Is an LLC Worth It for Sole Proprietors?

    www.aol.com/llc-worth-sole-proprietors-140012254...

    Sole proprietorship vs. LLC: Which is right for you? The decision to form an LLC is a personal one that depends on your business goals, overall risk level, and the amount of time you're willing to ...

  4. List of legal entity types by country - Wikipedia

    en.wikipedia.org/wiki/List_of_legal_entity_types...

    Sole ProprietorshipSole Proprietorship firm is the simplest form of business entity in India. It is owned and managed by a single person. It is owned and managed by a single person. It is usually considered to be the easiest way of registering and starting a business.

  5. Privately held company - Wikipedia

    en.wikipedia.org/wiki/Privately_held_company

    Sole proprietorship: A sole proprietorship is a business owned by one person. The owner may operate on his or her own or may employ others. The owner of the business has total and unlimited personal liability for the debts incurred by the business. This form is usually relegated to small businesses.

  6. Sole Proprietorship vs. LLC

    www.aol.com/news/sole-proprietorship-vs-llc...

    The two most popular ways of organizing a small business are LLCs and sole proprietorships. They are less costly and complicated compared to the alternatives of corporations and partnerships.

  7. LLC vs. Corporation - AOL

    www.aol.com/finance/llc-vs-corporation-203712316...

    As a sole proprietor, you and your business are one and the same. Your business’s debts are your debts, and you have to pay them if your company can’t. If someone sues your company, they’re ...

  8. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [1] An LLC is not a corporation under the laws of every state; it is a legal form of a company that provides limited liability to its owners in many jurisdictions.

  9. Tips for filing small business taxes for the first time - AOL

    www.aol.com/tips-filing-small-business-taxes...

    As a sole proprietor, you should be prepared for higher taxes. First, you typically have to pay a self-employment tax. ... Suppose you structure your business as a single-member LLC, and you are ...