Sole Proprietorship

Can I pay myself as a sole proprietor? As a sole proprietor, you don’t pay yourself a salary and you can’t deduct your salary as a business expense. Technically, your “”pay”” is the profit (sales minus expenses) the business makes at the end of the year. You can hire other employees and pay them a … Read more

Do you need a business name for a sole proprietorship? Sole Proprietors are required by law to use their name as the legal name of their business. However, sole proprietors can operate the business activity under another name, a fictitious business name. ‘Doing Business As’, is optional, it is a fictitious name, used when you … Read more