Business Registration

Sole Proprietorship * Partnership * Limited Liability Company * Corporation

Sole Proprietorship
A sole proprietorship is one in which you are running the business as the sole owner, and any tax or legal consequences of that business go directly to you as if you did everything as an individual. That is, any income or loss from that business will be reported on your personal income tax return. There is no protection under the law to prevent you from being personally responsible for the actions of your business when operated as a sole proprietorship. You are directly responsible for everything that happens.