The sole-proprietorship tag has no wiki summary.
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1answer
29 views
Fairly Sharing Proprietorship of Software Product
I am currently working as a Software Developer with a company. As well, I provide solutions also to some clients part time. Recently I got an inquiry for a software product. I believe that the product ...
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1answer
37 views
LLC Require EIN?
I have an LLC that will be a passthru entity (sole owner).
Is such an entity required to have an EIN to do business?
If not, how would you get banking accounts, LoC, etc without an EIN to legally ...
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1answer
57 views
TIN to use on W9 when Single Member LLC/Disregarded entity
I own a state-classified LLC company and also have an EIN for the business, which was filed on an SS-4 form (Rev. December 2001) as a Type "Other" and noted "disregarded entity". On the SS-4 form the ...
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1answer
58 views
Most Appropriate Business Type for Selling a Virtual Product?
I run a business where sells certain ebooks and pdfs online. I want to form an official business entity just to be able to operate under that name, protect myself from liability as well as get any ...
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1answer
26 views
Business Entity for Partnership question, or Unincorporated Business?
I'm planning on registering for a reseller's permit and it's telling me to register for a business entity. Currently I have a friend who wants to start something with me. Is it a good idea to do the ...
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2answers
142 views
Accounting method for software business
I'm nearly complete and preparing to launch my business. However, I've noticed that taxes aren't as simple as everyone makes them out to be. I'm mostly confused about cash vs accrual accounting for my ...
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3answers
167 views
Online sales and startup
What is the best way to go about getting more profit and paying less tax when it comes to selling something strictly online?
Say I have a dual citizenship, to Canada and Mexico. And I do all my work ...
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1answer
78 views
Startup capital and taxes
I'm finishing up a successful KickStarter campaign. The approximately $8000 is going to be used as capital for my software startup. I'm currently structured as a sole proprietorship, so the $8000 is ...
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2answers
159 views
When should I move from Sole Proprietorship to LLC?
As of right now, expenses are close to zero, and income is equal to zero. Risk of law suits is also very low.
At what point should I move over to LLC? When the expenses, income or risk of litigation ...
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2answers
190 views
I'm an English man living in Germany, where should I register my business?
I suppose this question would be useful to anyone who is natively from one country but living in another setting up a business.
I'm an English man currently with a business bank account and sole ...
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2answers
230 views
Freelancing Websites - Do I have to form an LLC (Massachusetts)?
Would I have to form an LLC to do freelance logo design and web design and development through sites like Guru and Elance? This business doesn't sound very risky so could I get away with forming a ...
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1answer
176 views
Registering a company in India with multiple activities
I am from Chennai, India. I'm planning to start a few different websites in sectors like recruitment, social networking, health care, IT solutions, matrimony, real estate, promotion of products, ...
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2answers
775 views
I opened a business checking account last year using my SSN. If I get a federal EIN, can my bank update this or do I need to open a new account?
I opened a business checking account last year using my SSN. If I get a federal EIN, can my bank update this or do I need to open a new account?
Basically, at the time I opened the checking account, ...
4
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1answer
78 views
Authorizing family to purchase supplies for my sole-proprietorship
I've registered myself as a sole-proprietor business in Ontario, Canada.
My common-law partner often helps me with organization and other tasks. I want her to be legally able to purchase supplies ...
1
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1answer
239 views
Do you pay self-employment taxes as an S-Corp?
I worked as a consultent for a number of years, just doing regular old programming gigs. While I was doing this I did my taxes as a sole-proprietorship. I had to pay marginal tax and self-employment ...
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5answers
564 views
Sole Proprietorship vs LLC
From what I read there are two basic types of business recommended for a single person business (in the US):
Sole Proprietorship
LLC
My wife is looking to start a business for blogging/selling ...
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1answer
363 views
LLC or Business Trust w/DBA?
I have been working starting a small single person (me) business and I wanted to know what would be the best entity it should be organized as ...
File a DBA with the registrant is a business trust? ...
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1answer
86 views
What type of business to form to allow 1 person (founder) total control with limited or no liability?
What's the best way to setup a company whereby the founder always has control and the final word no matter how many partners he brings in? What are the disadvantages of the various setups?
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2answers
195 views
Single-owner SaaS business
I have been building a bootstrapped SaaS business for the better part of a year working late into the night most nights per week. I have never spent anything aside from my own time and a few ...
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4answers
757 views
How can I separate my personal credit from my business without a lot of hassle?
I've been operating a local computer repair and retail business for about 2 years and haven't needed a line of credit until now. The problem is that I'm in college and have student loans. So, as a ...
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0answers
126 views
Switching from a Canadian corporation to a Canadian sole-proprietorship
I currently run a Canadian Corporation, but I'm finding taxes (both accounting fees and bookkeeping) a real pain and expense.
I would like to keep the corporation and basically find out how to file a ...
2
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3answers
704 views
Being liable as a sole proprietorship VS director at a corporation
I am considering starting presales of a product. Since money may be coming in I wanted a business bank account so if I am ever sued for any reason I'll only lose what I put in the business and not ...
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2answers
194 views
Is it mandatory to get a small-online-startup-business registered in USA?
Specs-
Its gonna be a one man show.
The person running the business already has a dayjob elsewhere. I guess he's a waiter and I am not sure if he has an EIN.
He would like to avoid registrations ...
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2answers
3k views
Can anyone help me make sense of the TIN and DBA?
About two years ago, I began building a side business doing IT consulting, which never actually took off because I got so busy with my day job. In the process of building the side business, I opened ...
