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.
Cingoranelli said many sole proprietors
simply can't find the time to think about the future.
A sole proprietor
must keep records for business income and expenses separate from records for personal income and expenses.
I highly recommend this book to both men and women, especially entrepreneurs who plan to operate as sole proprietors
or as one-member LLCs.
While the workers' comp laws are beneficial to employees since they provide medical benefits and disability income payments if employees are injured on the job, the premiums for workers' compensation insurance in the construction industry have become so high that many sole proprietors
are unable to pay them.
The sole proprietorship is an establishment owned by a sole proprietor
to operate an economic activity (commercial, professional, industrial, agricultural or real estate).
Several of these problems are related to sole proprietors
filing Schedule C (www.
Today, Rojas is the sole proprietor
of Interiors By Design, which provides interior and exterior design as well as accessories.
My clients tend to be small companies, so I honestly don't know if my having this new credential would be attractive to them," says Rodney Harano, a sole proprietor
in Hawaii who offers a wide range of audit, tax and consulting services.
For a sole proprietor
, these record-keeping costs will represent a greater proportion of the tax savings than they will for larger businesses.