SOLE PROPRIETORSHIP:

Here is what you need to know to SAVE YOUR TIME, MONEY & EFFORTS and what to BE AWARE OF and to AVOID.

The exciting start…. Woohoo. You are your own BOSS!

You have finally jumped for it!

You are an ENTREPRENEUR and You are READY!

Now what???

There are a lot of little nuances when doing business as a sole proprietor. There are a lot of us who have no clue about them. If this is YOU and you have no idea what you are supposed to do, just keep on reading.

Let’s look at it together.

So, here we go.

You are a “Consultant” (here you can insert what your title is for example — a life coach, trainer, hairdresser, nail specialist, blogger… etc. you name it). You have not organized your business as an LLC, an S Corp, or a C Corp.

You are a SOLE PROPRIETOR.

You are the BOSS and You OWN and RUN your own business. WHO WOULD NOT WANT THAT???

Also, let’s just be completely transparent and honest here, You are most likely on a budget and here is where you are going to save your money and time on:

No annual Franchise Tax or LLC fees (for example, CA Franchise tax for an LLC is…