When you run two businesses with the sole proprietorship tax status, the IRS requires you to report each corporation's income and expenses separately. This means that your personal...
A sole proprietorship is the default business type because most businesses begin that way. Sole proprietorships are taxed differently from other kinds of businesses because they...
As a sole proprietor, you are solely responsible for your business. You will need to encounter additional tax and reporting requirements, but you may also be eligible for certain tax...