A sole proprietor can own the business for any duration of time and sell it when he or she sees fit. As owner, a sole ...

As with LLCs, however, you may incur costs if you need to obtain business licenses. Sole proprietorships and LLCs both have advantages and disadvantages. Sole proprietorships are simpler and cheaper ...

The advantages of a sole proprietorship include: Owners can establish a sole proprietorship instantly, easily and inexpensively. Sole proprietorships carry little, if any, ongoing formalities.

There are several ways to set up an owner-operator business, each with its own advantages and disadvantages. Find out which ...

An LLC is a good combination of protection with flexibility and tax benefits. It provides an array of taxation alternatives while shielding individual members from personal liability.

Sole proprietorships and LLCs both have advantages and disadvantages. Sole proprietorships are simpler and cheaper to set up ...