If you’re looking for the quickest and simplest way to start selling products or services, you may want to consider a sole proprietorship ... As the examples given above show, some may sell ...

An owner’s draw is a way for business owners to take money out of their business for personal use. It’s a flexible method of ...

A balance sheet provides a snapshot of a company's assets, liabilities and equity at a specific point in time, while an income statement summarizes its revenues and expenses over a period to show ...

CountAbout is our top pick for sole proprietors because it has bookkeeping ... of the same features with extended capabilities. For example, the free version gives each account 20 envelopes ...

A sale-leaseback transaction allows owners of real property, like real estate, to free up the balance sheet capital they've invested in an asset without losing the ability to continue using it.

Let’s take a look at two examples. First, there’s Hawaii, where all sole proprietors are required to register with the state tax department. All businesses – including sole proprietorships ...

Starting your own business as a sole proprietor? That’s exciting. It’s also a little bit scary when you think about it. But don’t let the worry consume you. This guide […] ...

Visit americanexpress.com to learn more. As a sole proprietor, there is no legal separation between you and your business. Still, it's beneficial to separate your business and personal expenses to ...

Being a sole trader means that you run your own business as an individual and are essentially self-employed. This is the most popular way of trading in the UK, with 4.24m sole proprietorships ...

Getting a self-employed business loan, however, isn’t always easy. Lenders may ask sole proprietors or freelancers for additional documentation to prove that their income is reliable.

Examples of sole proprietorships include freelance photographers, personal trainers, accountants, financial planners and housekeepers. The easiest of all business models to set up, you’ll ...