A sole proprietorship is a business owned and managed by one individual who is personally liable for all business debts and obligations.
Sole proprietorships are the most common - and simplest - form of business organization. Sole proprietorships are owned by one person who is generally also responsible for the business’s day-to-day
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A corporation is an independent legal entity owned by shareholders. This means that the corporation itself, not the shareholders that own it, is held legally liable for the actions and debts incurred by the business.
A corporation is an independent legal entity. This means that the corporation itself, not the shareholders that
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When beginning a business, you must decide what form of business entity to establish. Your form of business determines the amount of regulatory paperwork you have to file, your personal liability regarding investments into your business, and the taxes you have to pay. You may need to contact several federal agencies as well as
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