However, a sole proprietorship can only have one owner. In contrast, an LLC provides the option to have multiple. If a business owner wants to operate as an LLC without shared ownership ...

For many small business owners, the choice will be between a sole proprietorship and a limited liability company (LLC). Here is what you need to know about how each one works so you can decide which ...

A sole proprietorship isn't a legal business entity like a corporation or limited liability company, or LLC. As a sole proprietor, there's no separation between your business and personal assets ...

A sole proprietorship is a business with a single owner (not registered as an LLC or corporation) that is compensated in exchange for providing goods or services. You don’t really register a ...

Interested in learning how to start a cleaning business? Our guide walks you through everything you need to know.

Choosing the right legal structure for your business can make the difference between success or failure. Explore the pros and ...

If a sole proprietor is wronged by another party, he can bring a lawsuit in his own name. Conversely, if a corporation or LLC is wronged by another party, the entity must bring its claim under the ...

Optional LLC costs can range from just $35 to hundreds of dollars per year. Other popular business structures include sole proprietorships and corporations. What Is an LLC? An LLC—short for ...

Kimberlee Leonard has 22 years of experience as a freelance writer. Her work has been featured on US News and World Report, Business.com and Fit Small Business. She brings practical experience as ...

A limited liability company (LLC) is a business structure that is a hybrid between a sole proprietorship, partnership and corporation. Owners generally appreciate the flexibility that LLCs give ...

While not the only option – some may opt to start their own business as a corporation or limited liability company (LLC) – choosing a sole proprietorship offers a number of benefits worth ...