A Sole Proprietorship is the most basic form of business, where there’s no legal distinction between the owner and the business. It’s simple to set up and requires minimal paperwork, but it does not provide liability protection.

In many states, you can begin operating immediately under your own name. However, if you want to use a business name, you’ll likely need to file a DBA. We can handle that process for you to ensure local compliance.

The primary concern is unlimited personal liability—your personal assets can be at risk if the business faces legal or financial issues. Additionally, raising capital and expanding can be more challenging compared to other business structures.

All profits and losses flow through to your personal tax return. You’ll typically file a Schedule C with your Form 1040. It’s straightforward but doesn’t allow for certain tax advantages that other business structures might offer.

Yes. Many entrepreneurs start as Sole Proprietors and then choose a more formal entity as they grow. We can guide you through the transition to ensure you properly transfer permits, licenses, and any assets.

While not always legally required, it’s highly recommended. General liability insurance can help protect your personal and business assets from lawsuits or claims related to your operations.

This depends on your industry and location. You may need local, state, or federal licenses. We can research your specific requirements and help you apply for any relevant permits.

We offer more than just filings. From setting up DBAs to providing EIN registration, we handle the administrative tasks so you can focus on marketing, client relations, and growth. Our team also offers consulting on when it might be time to transition to a different structure.