Start your business journey – Sole Proprietorship
A sole proprietorship is the simplest of all the structures for a single-owner business. Your business is automatically considered a sole proprietorship without having to incorporate your business.
How it works
Answer a few simple questions about your company.
We will take care of the paperwork and the filing of your documents
You will receive hard copies of your Sole Proprietorship package via mail.
Answer a few simple questions about your company.
We will take care of the paperwork and the filing of your documents
You will receive hard copies of your Sole Proprietorship package via mail.
Liability
An LLC is a hybrid between a partnership and a Corporation in that it combines the “pass-through” treatment of a partnership with the limited liability accorded to corporate shareholders.
Taxes
As a sole proprietor one will be responsible to report all business profits as personal income. One must also pay self-employment tax on those profits in order to cover Social Security and Medicare.
Hard to Raise Capital
It is more difficult to raise capital as a sole proprietor. There are no partners, shares, or membership interests in a sole proprietorship. As a result it can be tough to attract investors without first changing one’s business structure.
Preparation
Setting up a sole proprietorship is no trouble, but it isn’t a bad idea to be prepared.
Get in touch with us today and we can help you to find ways to limit your liability, teach you about the possible need for business licenses or DBA filing, and give you tax advice.
Copyright © 1993- 2022 Incorporate-USA Florida LLC
Nationwide formation and Corporation Filing Services
Nationwide formation and Corporation Filing Services
P.O. Box 7902
Clearwater, FL 33758
Clearwater, FL 33758
Toll Free: 800-829-8150
Call: 727-744-3104
Call: 727-744-3104
info@incorporate-usa.com
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