What is a Sole Proprietor?
A sole proprietor is when a business structure and an individual and their company are considered a single entity for tax and liability reasons. A sole proprietorship is a company where they are not facilitated with the state as a limited liability company or corporation. You can find more information here: investorwords.com/4626/sole_proprietorsh....
Sole proprietorship is when a business structure in which an individual and his/her company are considered a single entity for tax and liability purposes. A sole proprietorship is a company which is not registered with the state as a limited liability company.
A sole proprietor is someone who owns an unincorporated business by himself or herself. However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you elect to treat the LLC as a corporation.
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