Advertising disclosure: When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. Like any other business, sole proprietorships need ...

A sole proprietorship is the most basic business form. The owner needn't file with the secretary of state to create the business. Additionally, the owner does not have to follow corporate formalities, ...

Legally, there's no distinction between a sole proprietorship and its owner. If your business has debts it can't pay, creditors can seize your personal assets. If someone sues your business and wins, ...

For more than 40 years, my company has guided landlords through the complexities of property ownership. In that time, we’ve seen too many owners learn the hard way: One lawsuit can destroy decades of ...

While sole proprietorships are simple and cost-free to maintain, they expose personal assets to business liabilities.