A sole proprietor is not entitled to tax deductions on salary paid to himself because these payments are not business expenses. When a sole proprietor pays himself a salary, he merely is transferring ...

Sole proprietors and independent contractors are both self-employed, but they may earn money differently. Operating as a sole proprietor or independent contractor can be a low-risk starting point.

Although establishing a business as a sole proprietorship is simple, the legalities involved in owning one can be complicated, including determining the fate of the enterprise in the event of the ...

A sole proprietorship is a common business type many business owners choose when starting a company. It’s an excellent choice when you’re freelancing or becoming your own boss and want to put a ...

Ben Luthi is a freelance personal finance and travel writer. He started earning credit card rewards in 2013 and leveraged his passion into a writing career. He's contributed to dozens of other ...

Independent contractor vs. sole proprietor vs. LLC: What's the difference? For many entrepreneurs, the legal aspects of starting a business loom large. One of the first things you’ll have to figure ...

This article is excerpted from Business Structures, by Michael Spadaccini. The most common forms of business enterprises in use in the United States are the sole proprietorship, general partnership, ...

The most common and simplest form of business is a sole proprietorship. An individual proprietor owns and manages the business and is responsible for all transactions. The owner is also responsible ...

If you are an entrepreneur, and you faced the mirror, talked to yourself to arrive at a business decision, and made a note about what you resolved all by yourself, then you just demonstrated ...