Sole Proprietorship Questions

I want to start a business with no employee or brick and mortar, nor offices, just online e-commerce for products i design, but my first 6 -12 months will be just dedicated to prototyping and...

LLC Sole Proprietorship

asked Jan 18 '17 at 18:01

Francesco Bertelli
6 points

I finished creating an app and am expecting a good amount of users after I start advertising it. I live in Canada but I have my green card and am eligible to live in the US at any time. I plan on...

Copyright Registration Sole Proprietorship Startups

asked Sep 25 '14 at 20:32

User34140
6 points

I've recently started working on a couple of software projects that I hope will generate income in 2014. I eventually want to form an LLC, but I'll probably end up doing that closer to completion...

LLC Tax Business Expenses Sole Proprietorship

asked Dec 10 '13 at 19:30

Archagon
111 points

I have a content website I will begin charging a monthly subscription fee for soon. The receipt the members receive each month will have the website's name on it, my name is not in the website name...

Legal Business Online Sole Proprietorship

asked Oct 9 '13 at 23:09

Chad
108 points

I am investing 30k in a new business with pre-tax money I made this tax year by way of my sole proprietorship. I'm I able to write this off somehow, besides the 10k for start-ups?? If not I was...

Startup Costs Tax Investment USA Sole Proprietorship

asked Sep 1 '13 at 16:28

Mike C.
16 points

I am currently working as a Software Developer with a company. As well, I provide solutions also to some clients part time. Recently I got an inquiry for a software product. I believe that the...

Software Partnerships Sole Proprietorship

asked Apr 17 '13 at 01:42

Rumit Parakhiya
110 points

I own a state-classified LLC company and also have an EIN for the business, which was filed on an SS-4 form (Rev. December 2001) as a Type "Other" and noted "disregarded entity". On the SS-4 form...

LLC Tax USA Sole Proprietorship

asked Feb 27 '13 at 12:30

User1322092
11 points

I run a business where sells certain ebooks and pdfs online. I want to form an official business entity just to be able to operate under that name, protect myself from liability as well as get any...

LLC Business Sole Proprietorship S Corp

asked Dec 30 '12 at 14:47

Clifgray
200 points

I'm nearly complete and preparing to launch my business. However, I've noticed that taxes aren't as simple as everyone makes them out to be. I'm mostly confused about cash vs accrual accounting for...

Tax USA IRS Sole Proprietorship

asked Dec 17 '12 at 16:00

Asdaf3wq
18 points

I'm planning on registering for a reseller's permit and it's telling me to register for a business entity. Currently I have a friend who wants to start something with me. Is it a good idea to do...

Business Plan Business Partnerships Sole Proprietorship

asked Dec 27 '12 at 08:54

Andrewliu
101 points

What is the best way to go about getting more profit and paying less tax when it comes to selling something strictly online? Say I have a dual citizenship, to Canada and Mexico. And I do all my...

Startup Costs Tax Online Sole Proprietorship Corporation

asked Oct 22 '12 at 15:49

Bazzi
16 points

I'm finishing up a successful KickStarter campaign. The approximately $8000 is going to be used as capital for my software startup. I'm currently structured as a sole proprietorship, so the $8000...

LLC Sole Proprietorship Capital

asked Sep 21 '12 at 02:28

Joe
6 points

I am a sole Proprietorship in California. Where can I find a list of acceptable or not acceptable business expenses I am allowed to deduct from my income. Do I need to reimburse myself in anyway...

Tax Accounting Expenses Sole Proprietorship

asked Sep 1 '12 at 22:13

Marco
130 points

As of right now, expenses are close to zero, and income is equal to zero. Risk of law suits is also very low. At what point should I move over to LLC? When the expenses, income or risk of...

LLC Sole Proprietorship

asked Aug 11 '12 at 10:22

Brentonstrine
108 points

I suppose this question would be useful to anyone who is natively from one country but living in another setting up a business. I'm an English man currently with a business bank account and sole...

Finance Tax Business Bank Sole Proprietorship

asked May 25 '12 at 17:59

Littlejim84
141 points

Would I have to form an LLC to do freelance logo design and web design and development through sites like Guru and Elance? This business doesn't sound very risky so could I get away with forming a...

LLC Sole Proprietorship

asked May 22 '12 at 01:39

Nickelpickle
55 points

I am from Chennai, India. I'm planning to start a few different websites in sectors like recruitment, social networking, health care, IT solutions, matrimony, real estate, promotion of products,...

India Company Partnerships Sole Proprietorship

asked Feb 8 '12 at 07:01

Radha
1 point

I opened a business checking account last year using my SSN. If I get a federal EIN, can my bank update this or do I need to open a new account? Basically, at the time I opened the checking...

Bank Account EIN Sole Proprietorship

asked Jan 16 '12 at 06:05

James Mortensen
363 points

I've registered myself as a sole-proprietor business in Ontario, Canada. My common-law partner often helps me with organization and other tasks. I want her to be legally able to purchase supplies...

Tax Canada Business Family Sole Proprietorship

asked Nov 17 '11 at 05:03

Philip K
166 points

I worked as a consultent for a number of years, just doing regular old programming gigs. While I was doing this I did my taxes as a sole-proprietorship. I had to pay marginal tax and...

Incorporation Tax Sole Proprietorship

asked Sep 20 '11 at 05:16

Edgar Miranda
230 points