As of the issuance date of the reparation order, Lorenzo Morales was listed as the sole proprietor
of the business.
There exist noteworthy differences between small sole proprietors
and larger firms in their sources of fees and--more importantly, from a strategic planning perspective--the relative importance of different services changes as firms grow.
The firm is dropping health plans for sole proprietors
, and is not to offer its InBalance EPO, ConsumerDirect EPO and HealthEssentials EPO to small businesses.
Among sole proprietors
, only 6% have practice continuation agreements (PCAs), the first step in succession planning, in place.
4 million or 25 percent of all sole proprietors
reported losses in 2006.
generally must also pay the self-employment tax and file Schedule SE with their Form 1040.
There is a new interactive screening tool--in plain language, an active question and answer format that working individuals, small business people, and sole proprietors
can use to get a quick idea if the program is for them.
The GAO report said that sole proprietors
misreported 57 percent of their business income in 2001 (the most recent figures available) and that $68 billion of the tax gap--the difference between taxes owed and taxes paid--is traceable to these businesses.
According to IR 2006-179, businesses--including sole proprietors
, corporations and partnerships--and exempt organizations must complete Form 8913, Credit for Federal Telephone Excise Tax Paid, to request a refund.
Chief Counsel Advice 200524001 held that self-employed individuals who are sole proprietors
and purchase health insurance in their own name can treat that as health insurance purchased in the name of the sole proprietor
A higher proportion of female rather than male sole proprietors
filed as head of household with dependents.
One-member limited liability company (LLC) owners also file as if they were sole proprietors