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Tips & Tricks – Sole Proprietorship!

Benefits/Disadvantages: 

  • You are NOT required to formally file the entity
  • No cost (no formation needed)
  • May be difficult to get equity financing outside of individual funds

Liability:

  • Unlimited liability

Management: 

  • The Sole Proprietor has full control and management of operations
  • No transfer of interest
  • Pass-through Income/Loss
  • SP is not a taxable entity, all taxes are paid by the Sole Proprietor

 

When your dreams of starting a business meet reality, the process of forming an entity can be daunting. Many individuals do not know where to start or how to keep compliant over the life of your business. CORPSMART™ works with businesses both large and small throughout the world to help individuals form their entities, research business licensing needs, file annual reports, maintain a Registered Agent, and even obtain funding. Visit our website or contact us today for a no-obligation discussion about your business goals.

Contact CORPSMART™ at 800-737-8009, www.corp-smart.com or [email protected].

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Contact us today to learn more about our services or if you have any questions. To place a new service request, fill out our Online Ordering Form.

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For immediate assistance, call us toll-free at (800) 737-8009.