When you're starting a small business on your own, choosing a setup - or business structure - can seem daunting. As a business owner, you'll most likely first choose whether to run your business as a ...

A sole proprietorship is the simplest type of business. As such, it is a common way that many individuals start their own business. However, a sole proprietorship is a risky venture, as there are no ...

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One of the first decisions you need to make as a new business owner is to decide on an organizational structure. Two common types are sole proprietorships and limited liability companies (LLCs). Both ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

One of the first steps to starting a business is to apply for any licenses and permits required by your city and state. Sole proprietorships are no exception. Depending on the state, you may need a ...

Forbes contributors publish independent expert analyses and insights. Mike Kappel is the Founder of Patriot Software, LLC. Starting a business is all about taking things one step at a time. One big ...

While all freelancers are technically business owners, not everyone considers them such. In some instances, freelancers who don’t treat their endeavors professionally are partly to blame. But often, ...

Question: I have been in business for four years operating as a sole proprietorship filing on Schedule C of Form 1040. I have been debating switching to an S corporation. Can you please compare the ...

Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about empowering ...

As a small business owner, having a good business credit card can help you manage your cash flow, keep your business and personal expenses separate and offer rewards and perks tailored to your ...