As a freelancer or contractor, at some point you may wish to incorporate and be taxed as an S corporation. Here’s a closer ...

Sole proprietors often look riskier to lenders than registered businesses, which could make it tough to be approved for a ...

A sole proprietor is a single business owner who has complete responsibility for and retains all decision-making rights for the operation of his business. The Internal Revenue Service considers a sole ...

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 ...

Every business, regardless of size, should consider errors and omissions insurance. This is particularly important for sole proprietors who bear the financial burden of the business alone. This ...

The sole proprietorship is both the simplest and most common type of business operating in the United States today. Most businesses that are owned and operated by one person take this form; in fact, ...

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 ...

Can you open a business account without an EIN? Yes! Learn which business types qualify, required documents, and when getting an EIN may be smart.

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Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. An EIN (Employer Identification Number) is a unique ...