Add Comments To Legal Georgia Startup For Sole Proprietorship Forms For Free

Many sole proprietors do business under their own names because creating a separate business or trade name isn't necessary. Also referred to as a sole trader or a proprietorship, a sole proprietorship is the easiest type of business to establish or take apart, due to a lack of government regulation.

Proof of Sole Proprietorship Ownership It is possible that the business is under a different name than the individual, often known as a doing business as (DBA) name. Proof of sole proprietorship ownership can be accomplished with: A copy of the owner's tax return with the Schedule C included.

A sole proprietor is someone who owns a business independently and hasn't registered it as another type of business entity. Many sole proprietorships never register with the state, but it is recommended to file a DBA if you are using a name other than your own legal name.

Sole proprietorships are not required to register with the state, but all other business must register with the state. Partnerships, LLPs, LLCs and all types of corporations may need to register with the local government where their business is located.

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 don't use your own name to conduct business.

LLCs are considered to be distinct legal entities from their owners or members. Sole proprietorships are not. LLCs' income must be split between members in some manner, and they are taxed as distinct entities. Sole proprietorship income goes solely to the owner, but that income is taxed as personal income.