What is a Sole Proprietorship?
A sole proprietorship is the easiest way to run your business and for most home-based business owners, it offers the most tax advantages as you run your business. You are, by default, a sole proprietorship unless you choose to establish another legal entity, like an LLC, with the State in which you live.
Consult your tax professional to see if this fits your circumstances. This is not to be taken as tax advice. Please refer to our End User License Agreement.