sole proprietorship

What Everyone Needs to Know About a Sole Proprietorship

by / ⠀Startup Advice / December 9, 2010

You are a young entrepreneur with a great new idea for widgets and have decided to launch into a profitable, widget-selling business from your bedroom. You make your first widgets by hand and sell them to kids at your school. Boom! You are now a sole proprietorship. What is a Sole Proprietorship? Establishing a sole proprietorship does not require filing documents and registering your business. Instead it springs…