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Warning: INSERT command denied to user 'dbo318829279'@'74.208.56.130' for table 'watchdog' query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:134:\"Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state)\";s:5:\"%file\";s:101:\"/homepages/37/d316248420/htdocs/drupal-6.19/sites/all/modules/views/handlers/views_handler_filter.inc\";s:5:\"%line\";i:589;}', 3, '', 'http://ardentlawgroup.com/legal-faqs/faqs-about-business-structures/faqs-about-sole-proprietorships', '', '54.226.102.115', 1560948152) in /homepages/37/d316248420/htdocs/drupal-6.19/includes/database.mysql.inc on line 128

Warning: INSERT command denied to user 'dbo318829279'@'74.208.56.130' for table 'watchdog' query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:130:\"Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state)\";s:5:\"%file\";s:101:\"/homepages/37/d316248420/htdocs/drupal-6.19/sites/all/modules/views/handlers/views_handler_filter.inc\";s:5:\"%line\";i:589;}', 3, '', 'http://ardentlawgroup.com/legal-faqs/faqs-about-business-structures/faqs-about-sole-proprietorships', '', '54.226.102.115', 1560948152) in /homepages/37/d316248420/htdocs/drupal-6.19/includes/database.mysql.inc on line 128

Warning: INSERT command denied to user 'dbo318829279'@'74.208.56.130' for table 'watchdog' query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:102:\"Declaration of views_plugin_style_default::options() should be compatible with views_object::options()\";s:5:\"%file\";s:106:\"/homepages/37/d316248420/htdocs/drupal-6.19/sites/all/modules/views/plugins/views_plugin_style_default.inc\";s:5:\"%line\";i:25;}', 3, '', 'http://ardentlawgroup.com/legal-faqs/faqs-about-business-structures/faqs-about-sole-proprietorships', '', '54.226.102.115', 1560948152) in /homepages/37/d316248420/htdocs/drupal-6.19/includes/database.mysql.inc on line 128

Warning: INSERT command denied to user 'dbo318829279'@'74.208.56.130' for table 'watchdog' query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:130:\"Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state)\";s:5:\"%file\";s:96:\"/homepages/37/d316248420/htdocs/drupal-6.19/sites/all/modules/views/plugins/views_plugin_row.inc\";s:5:\"%line\";i:135;}', 3, '', 'http://ardentlawgroup.com/legal-faqs/faqs-about-business-structures/faqs-about-sole-proprietorships', '', '54.226.102.115', 1560948152) in /homepages/37/d316248420/htdocs/drupal-6.19/includes/database.mysql.inc on line 128

Warning: INSERT command denied to user 'dbo318829279'@'74.208.56.130' for table 'watchdog' query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:126:\"Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state)\";s:5:\"%file\";s:96:\"/homepages/37/d316248420/htdocs/drupal-6.19/sites/all/modules/views/plugins/views_plugin_row.inc\";s:5:\"%line\";i:135;}', 3, '', 'http://ardentlawgroup.com/legal-faqs/faqs-about-business-structures/faqs-about-sole-proprietorships', '', '54.226.102.115', 1560948152) in /homepages/37/d316248420/htdocs/drupal-6.19/includes/database.mysql.inc on line 128
FAQS About Sole Proprietorships | Ardent Law Group, P.C.

FAQS About Sole Proprietorships

  • strict warning: Non-static method view::load() should not be called statically in /homepages/37/d316248420/htdocs/drupal-6.19/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /homepages/37/d316248420/htdocs/drupal-6.19/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /homepages/37/d316248420/htdocs/drupal-6.19/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /homepages/37/d316248420/htdocs/drupal-6.19/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 25.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /homepages/37/d316248420/htdocs/drupal-6.19/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /homepages/37/d316248420/htdocs/drupal-6.19/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.

A sole proprietorship is a business with one owner, the sole proprietor, that is not organized or formed as a legal entity under any state or federal law. There are some special exceptions where a husband and wife may be file to be considered joint owners in a sole proprietorship.

What are the liabilities of sole proprietors?

The sole proprietor is personally liable for financial debts of the business and any claims brought against the business to the full extent of his personal assets.

How are they taxed?

The IRS sees the sole proprietor and the business as the same for income tax purposes. The sole proprietor pays income taxes on the profits of the business as though it were personal individual income.

Additional Information and Resources