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Entity Filling:Sole Proprietor

A sole proprietor is the most common type of new business. Our company can help you get your own EIN and advice you on how to become a Sole Proprietor. 

Some key features of a sole proprietorship are:

  • The business owners income is claimed on their individual income tax return (Form 540)

  • As a sole proprietor you are personally liable for all debts and actions of the business

  • An individual taxpayer can start a sole proprietorship

  • A married couple can operate as a sole proprietorship

  • A business conducted by registered domestic partners (RDP) must operate as a partnership

  • You can establish a sole proprietorship without registering with the California Secretary of State

  • Your business remains active until it’s dissolved or upon your death

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