Answer: The major attributes of a sole proprietorship are as follows: · The income and expenses from your business are reported on Schedule C of your individual income tax return (Form 1040).

While all freelancers are technically business owners, not everyone considers them such. In some instances, freelancers who ...

Income and losses are taxed on the individual's personal income tax return. The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is ...

There are several ways to set up an owner-operator business, each with its own advantages and disadvantages. Find out which ...

You don't need to file any special forms or pay any setup fees to establish a sole proprietorship—just start doing business. Additionally, taxes are straightforward, as all business income is ...