Laure

Sole Proprietorship vs LLC Sole Proprietorship: An unincorporated business with only one owner. Personal income tax on profits earned. Easy to establish and dismantle due to lack of government involvement. LLC (Limited Liability Company): Barrier between individual and business, shielding from liability. Lawsuits, debts, and liabilities stop at the separate business entity. Offers liability protection … Read more

If your sole proprietorship meets conditions stated, you must file a form with the Indiana Department of Revenue. This guide will explain what a sole proprietorship entails, weigh the pros and cons, and outline the steps for registering your sole proprietorship in Indiana. Steps include choosing a business name, obtaining licenses if needed, and registering … Read more

A shop owner sells products and engages in the trade for profit. They handle various essentials of running a retail operation, including risk management and adherence to legal standards. The success of a shop owner’s enterprise directly affects their income. Types of Retail Operations Homemakr: A store selling home goods MarketingShed: A marketing company Greengrocers: … Read more