How Do You Setup A Sole Proprietorship?
A sole proprietorship is a business represented by a single individual. The individual alone is responsible for the business financially and legally. It is the easiest and simplest form of business to operate because the start-up costs are typically low, no employees or payroll are required and tax preparation is usually much simpler. Independent contractors, commission-only sales and freelance writers and photographers are all examples of sole proprietorships. Decide whether you will be selling merchandise or offering a service. Determine if you need a name for your business or if you will be operating the business under your own name. If you will be using a name other than your own you need to register it by filing a “doing business as” (DBA) form with your county government. In some states you will be required to file the DBA with your city and/or state governments. If you are using your own name you do not need to file any forms. Acquire the proper licenses to operate your business
