Many small business owners starting new businesses choose to operate their companies as sole proprie

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Many small business owners starting new businesses choose tooperate their companies as sole proprietorships. Sole proprietorshipsare the most common business structure and are owned by one person.Business owners choose to operate as a sole proprietorship because ofthe many advantages available. Choosing the appropriate businessstructure is a major decision, so knowing the advantages of operating asole proprietorship can help you decide if it is the best structure for yourbusiness.FormationOne advantage of starting a sole proprietorship is the simplicity offormation. Very little paper work is required if you choose to file yourbusiness name. In most cases, you can visit your local courthouse andcomplete a "Doing Business As" or a fictitious name form to operateunder your business name. A small fee is required for completing thepaperwork. You are then given a certificate with the name of yourbusiness. Use the certificate to open bank accounts and apply for

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Term
Summer
Professor
raj
Tags
Business Law, Taxation in the United States

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