Cass Co. high school students unveil businesses at Lowe's April 25 Apr 15, 2008
"Sarah Khan, a junior at Edwardsburg High School, participated in last year's Young Entrepreneurs Day and is currently enrolled in an advanced level of the entrepreneurship course.Last year Khan created a plan for Exquisite Pay, a payroll outsourcing company, and this year she is revamping the plan.Among changes, Khan has renamed the company "EZ Pay" and shifted its corporate structure from a sole proprietorship to a limited liability corporation.She has also added new services, such as... (Dowagiac News, MI)
Home office tax tips Apr 11, 2008
The number of sole proprietorship businesses -- a classification that includes home-based businesses -- also has shown impressive growth, increasing in number by nearly 50 percent in the last 15 years, the IRS reports. Another marker of economic gloom -- a stymied housing market -- also contributes to the boom in home-based businesses, according to Francese. (CNN)
Business Structure Basics Apr 9, 2008
The Sole Proprietorship The sole proprietorship is thought of as the quickest and easiest way to set up a business operation. There are no blanket prerequisites, nor are there any specific costs in starting a sole proprietorship ... Once you start a sole proprietorship, you are the sole owner. (Entrepreneur)
BAY AREA BIZ Mar 30, 2008
Legal structures: Is sole proprietorship, corporation or limited liability company the right structure for your business. During this comprehensive overview, a business lawyer will consider the various forms in which your business can be organized. (San Francisco Chronicle -- Business)
It's a bird, it's a plane, it's a...copyright fight? Mar 29, 2008
Generally credited with jump-starting the comic book medium in 1938 and with being the first superhero, the Superman copyright has spent its 70-year career under the sole proprietorship of DC Comics, now owned by Time Warner. In unusually concise language for a copyright decision, the judge concluded that, "After 70 years, Jerome Siegel's heirs regain what he granted so long ago--the copyright in the Superman material that was published in Action Comics Vol. 1. What remains is an apportionment... (CNET News.com)
LA-based film and animation company opens office in Iowa Mar 22, 2008
Stephen M. Jennings, 35, founder and co-president of Grasshorse Technologies Inc., opened Grasshorse in 2002 as a sole proprietorship offering animation, visual effects and graphics services. He is an award-winning animator and filmmaker. (Muscatine Journal, IO)
Audit Red Flags: The Ones You Don't Want to Wave Mar 18, 2008
If you have a Sole Proprietorship (Schedule C) business, the chances are 1 in 7 that you will get an audit ... And, that means you're taxed as a Sole Proprietorship ... For example, if you have a Schedule C for your Sole Proprietorship business, then the total at the bottom needs to show up on the front page of your 1040. (RealtyTimes)
Ask an Expert Mar 17, 2008
Chapter 7: If your business is a sole proprietorship, then you and it are one in the same, legally speaking. You could file a Chapter 7 and possibly wipe out your unsecured debt and get a fresh start. (USA Today -- Money)
A voice for small business Mar 6, 2008
1 million -- have employees, and the trend toward sole proprietorship is growing, Keller said in a recent interview. This raises questions about whether state rules do enough to foster this type of business. (Sacramento Business Journal, CA)
Self-Employed or Rich? IRS May Take a Look Feb 3, 2008
For example, taxpayers who file Schedule C, which is used to report profits or losses from a sole proprietorship, typically face higher chances of having their returns examined than the public at large. The IRS is also looking carefully at many returns filed by taxpayers with stakes in partnerships and S corporations. (Wall Street Journal)
Fathers and sons Jan 9, 2008
But like many businesses, the sole proprietorship was nearly brought down by the Depression ... "They ran the business as a sole proprietorship as my grandfather ran it. But now there were five owners, not one, and this created issues," says Jim Griffith, who says his aunts and uncles were often frustrated by a lack of knowledge about the business' operations. (Charlotte Business Journal, NC)
Too few to enforce new law proactivelyLegal workers act will be handled through complaints only, when it becomes law Jan. 1, Pinal officials say Dec 27, 2007
Even if you're operating a farm as a sole proprietorship, with no incorporation or limited partnership, there might still be some type of license that could be revoked. " As a brochure outlining what the Pinal County Attorney's Office can and cannot do under the statute was passed out to the audience, Walsh was asked why businesses were singled out in the illegal immigrant issue. "That's what the Legislature wanted to do," he answered. Vasquez, added, "The feeling is that if they cut off the... (Casa Grande Valley Newspapers, AZ)
The time is...NOW!| Dec 26, 2007
Not only is there a need to register with the South African Revenue Services (SARS), you also need to decide what form of business you want to trade under, such as a sole proprietorship or close corporation. A business plan is a core part of getting financial assistance. (iAfrica.com)
Business taxes topic of free seminar today Dec 11, 2007
This workshop will discuss sole proprietorship, record keeping, maintaining and understanding your business tax situation, self-employment income tax breaks, write-offs and home business tax information. Seating is limited. (Racine Journal Times, WI)
SMALL BUSINESS 101: Year-end tax savings for small business Dec 10, 2007
Please note: Depending on your tax structure and whether you are incorporated or a sole proprietorship, as well as whether or not you are required to submit quarterly tax payments, can all affect the nature and amount of the tax you must pay. Important: It is always prudent to have your books reviewed by an accountant or tax professional. (LondonTopic.ca)
Credit reports: facts and myths Dec 6, 2007
A sole proprietorship or business partnership will not have a business credit report or score separate from the principals' personal credit reports and scores. False. (Los Angeles Times)
It's good for home-based business to give as well as receive Nov 22, 2007
That's true whether you're running a sole proprietorship, partnership, limited liability corporation or an S corporation. AllBusiness. (San Francisco Chronicle -- Business)
Woman who stole from nonprofit is sentenced Nov 22, 2007
Nieto also submitted what was deemed to be a fraudulent "certificate of sole proprietorship" to as a way to transfer funds from the charity's account into her own personal investment account. Officials said the embezzlement continued until January 2004 when Nieto resigned and the group's board of directors began an audit of the charity's finances. (Tampa Bay Business Journal, FL)
Forum Spotlight: Drop Shipping, Merchant Accounts, Design Tips Nov 17, 2007
Laciemn replied, "I've got my sales tax number and registered as a sole proprietorship. I called the Chamber of Commerce and other places and they say those are all I need to sell things. I actually set up a meeting with this guy who says he can get me a merchant account with no credit (I met up with him through my bank) so hopefully that will go well. Also, my jewelry is actually not diamond or gold jewelry. My idea is to keep it affordable, it's mostly sterling silver and ranges from $15-30... (SmallBusinessComputing)
Ilana DeBare: Ideas for expanding your sole proprietorship Nov 15, 2007
Article:Ilana DeBare: Ideas for expanding your sole proprietors:/c/a/2007/11/13/BU6CT6NKR.DTL Article:Ilana DeBare: Ideas for expanding your sole proprietors:/c/a/2007/11/13/BU6CT6NKR.DTL. Wednesday, November 14, 2007. (San Francisco Chronicle)
The art of new business development Nov 12, 2007
The large territory meant handing stores and restaurants ranging from large chain-type grocers to sole proprietorship small town grocery stores. Some of his customers made decisions about products by way of a department manager relaying product information up the line to a corporate decision maker. (Park Hills Daily Journal, MO)
In Business With Breast Cancer Oct 26, 2007
Ethel Kessler, who was diagnosed with breast cancer in 1994 at the age of 44, realized that once her treatments were over, she would have to lay off her six employees and turn the business into a sole proprietorship because she couldn't afford to keep them on and take her company digital to keep up with the technology changes in the design industry. "As a small-business owner, you're wearing six or seven hats," says the president and creative director of 26-year-old , a graphic design firm in... (Entrepreneur)
Kahnawake Gaming Commission starts probe into AbsolutePoker.com Oct 18, 2007
It says Tokwiro is a Mohawk owned and controlled sole proprietorship. The commission says the site holds a gambling license with the commission and is obliged to adhere to its regulations. (KRNV.com, NV)
President Bush Discusses The Budget Oct 16, 2007
But health care -- the taxes in health care says if you're working for a big company, you'll do fine; if you're working for a small company or you're unemployed or you're individual sole proprietorship, you're paying health care with after-tax dollars. So the tax code needs to be changed. (White House News Releases)
Home office tax deductions hinge on... Oct 16, 2007
The number of sole proprietorship businesses -- a tax classification that includes home-based businesses -- also has shown impressive growth, increasing in number by nearly 50 percent in the last 15 years, the IRS reports. While trading in a harried morning commute for a short trip down the hall sounds inviting, claiming home office space deductions can be tricky. (CNN -- Law)
Workers' comp insurance required by state Oct 3, 2007
A: The three entities that are probably most appropriate for your scooter sales business are a sole proprietorship, a limited liability company or an S corporation ... A sole proprietorship is the simplest form of a business, with the least paperwork ... So one approach would be to start out as a sole proprietorship, buy insurance, and wait until you're more established to form an LLC or corporation. (San Francisco Chronicle -- Business)
Holistic Business Oct 3, 2007
Running your business as a sole proprietorship may make sense right now, but what about when you have employees. Is there that for. (Suite101.com)
Ideas on saving for retirement Aug 29, 2007
The business is a sole proprietorship and profits still are pretty slim, but I'm on the verge of hiring my first employee. Stumped in San Francisco. (San Francisco Chronicle -- Business)
Finding the Right Lawyer Aug 21, 2007
These include whether your business should be a sole proprietorship or a corporation and what type of corporation you should form. Partners need a partnership agreement; leases have to be negotiated; and zoning issues may arise. (MSNBC -- Business)
News & Notes Aug 19, 2007
Council membership is open to any person whose business is a sole proprietorship, partnership or corporation interested in the North Shore s economic well-being. The council is a nonprofit corporation, in operation since 1993. (Lihue Garden Island, HA)
Why You Need to Form a Business Entity Aug 16, 2007
The risks to your personal assets and to your business growth far outweigh any advantages of sole proprietorship ... Sole proprietorships don't have that option ... You can't have a partner in a sole proprietorship; you have to form a different business entity. (Entrepreneur)
$1 Million Available to Help Small Businesses Improve Energy Efficiency, Prevent Pollution Aug 13, 2007
To be eligible, an applicant must be a for-profit corporation, limited liability company, partnership, sole proprietorship or other legal entity with no more than 100 full-time employees. The entity must be a separate legal business at the time the application is submitted, and located within the commonwealth. (PR Newswire)
Small business: Strategies Aug 3, 2007
Sole Proprietorship: A business owned by one person with no formal legal structure. Advantages: It's simple. (USA Today -- Money)
Catholic college crosses new ground Aug 1, 2007
"That whole organization is basically run like a sole proprietorship," says Christopher Beiting, a visiting history professor at Western Kentucky University in Bowling Green who spent six years at Ave Maria College before quitting last year. Ave Maria College "was a very nice thing for a while," he says. (USA Today)
Follow These Steps for a Successful Business Start-Up Jul 21, 2007
Once your business is financially secured, your business should be organized into one of three fundamental types of business organizations: sole proprietorship, a partnership or a corporation. Although there are hybrid forms of business organizations, such as limited liability partnerships, limited liability companies and s-corporations, each has its own advantages and disadvantages. (Chippewa Falls Chippewa Herald, WI)
Identity crisis Jul 17, 2007
Both were tanning salons; Weimer's was a sole proprietorship, a salon he'd owned for about 10 years ... After that, however, if the new business, specifically a sole proprietorship, were to choose to continue under that name, it's the existing business that must take the matter to court. (Bismarck Tribune, ND)
Will Incorporating Benefit Your Business? Jul 12, 2007
"While 100% of your sole proprietorship earnings are currently subject to self-employment tax, a savings may be achieved because the S-corp's net earnings are not subject to self-employment taxes." The S-corp must pay you a reasonable salary, which will be subject to FICA (payroll taxes) at your current self-employment tax rate ... Another problem is that as a consultant your corporation would likely be classified as a personal service corporation, says Nash, "Personal service corporations are... (BusinessWeek)
Empowerment in Canada echoes SA's BEE policies Jul 8, 2007
An aboriginal business is an enterprise that is a sole proprietorship, limited company, co-operative, partnership, or non-profit organisation in which aboriginal persons have majority ownership and a third of employees are aboriginals. The similarities to South Africa's black economic empowerment policies are great, except here the beneficiaries are the majority of the population. (Business Report, South Africa)
Loan program aims to help veterans Jul 5, 2007
A deployment can devastate a sole proprietorship or small business which seems like an especially stiff price to pay. Recognizing the sacrifices that veterans make, the Small Business Administration is rolling out a program to give veterans access to capital under favorable terms. (Helena Independent Record)
10 Steps to a Real Business Part 1 Jun 29, 2007
This also means you must choose a legal structure, such as S or C Corporation, Limited Liability Company (LLC), Partnership, or a sole proprietorship. Your choice of legal structure depends on your tolerance for risk of personal liability, your tax concerns, and your exit strategy (how are you going to get out of the business), among other variables. (Suite101.com)
Summertime isn't easy for business owners Jun 26, 2007
Like other owners with seasonal lulls, Auslander said he tries during busier months to build a cushion, while the summer limits what he draws out of the business, which is a sole proprietorship. He also has a line of credit as a backup. (Chicago Tribune)
Calendar of events Jun 24, 2007
The workshop will cover legal forms of business (LLC, S-Corp, Sole Proprietorship), taxation, financing and insurance. Cost: $25 for the public, free to UWF students and faculty members who present a Nautilus card. (Pensacola News Journal)
Mehan Reaches set Business Goal Jun 21, 2007
He operates his business as a sole proprietorship and serves Fort Stockton and the surrounding area. Since opening for business, Mehan's sales have been steadily improving. (Fort Stockton Pioneer, TX)
Summer is often a stressful time for small businesses and their owners Jun 21, 2007
Like other owners with seasonal lulls, Auslander said he tries during busier months to build a cushion, while during the summer limits what he draws out of the business, which is a sole proprietorship. He also has a line of credit as a backup. (San Diego Union-Tribune -- Business)
The 1040 Roadmap Jun 9, 2007
After getting a picture of his annual cash flow (another great use of the federal return) she says she encouraged her client to form a sole proprietorship company to support his buying and selling activity at model train shows. That allowed him to deduct much of his toy-train-related travel as legitimate business expenses, which helped cut his tax bill. (SmartMoney)
Incorporating Your Home Business May 31, 2007
Home businesses usually start out as sole proprietorships, but there may come a time when restructuring makes sense ... According to , businesses can be organized in six different ways, but these are all variations on sole proprietorship, partnership, and corporation ... Liability: A home business corporation protects its shareholders from liability for debts and otherwise, unlike a sole proprietorship, in which the home business owner is completely liable for anything that happens in the home... (Suite101.com)
Why sole proprietorship is most common, simplest business type May 30, 2007
The most common and simplest form of business is a sole proprietorship ... -- Minimal legal costs to forming a sole proprietorship ... -- Others won't usually invest in sole proprietorships. (San Francisco Chronicle -- Business)
Calendar of local business events May 27, 2007
sole proprietorship), taxation, financing and insurance. $25. (Pensacola News Journal)
Progeny's closure highlights problems of small FOSS companies May 11, 2007
To survive, let alone grow, the company could not afford to take on the small contracts that might have sustained a sole proprietorship. Nor was taking on numerous small contracts a solution, since, as Robinson observes, "You can only distribute an engineer over so many projects before you start losing his efficiency.". (Linux.com)
MIND YOUR BUSINESS May 9, 2007
" -- Contract terms. In addition to the escrow process, you can protect yourself through the terms of your purchase agreement. For instance, you can include language in which the seller indemnifies you from any debts or claims that arose before you took ownership. (Similarly, the seller may want to be indemnified from any claims that arise after you buy the restaurant.) You can also include language leaving some of your payment in escrow until enough time has passed -- for instance, one year --... (San Francisco Chronicle -- Business)
Voters to Decide on Taxpayer Relief Act May 9, 2007
If approved, a new earned income tax will be levied on salaries, wages, commissions, bonuses, incentive payments, fees, tips, sole proprietorship net income and partnership ordinary income. It would be collected on all household income, meaning everyone with earned income living in a household will pay it. (Honesdale Wayne Independent, PA)
Remember to Vote: Wisconsin Milk Marketing Board Elections May 3, 2007
Stemper and his wife, Mary Ann, along with their children Helen, Tom and Ken operate their 425-cow Holstein Farm as a sole proprietorship. They market their milk to Dairy Farmers of America and operate 1,200 acres. (Agri-View, WI)
All In The Family: Shifting Business To Your Children May 3, 2007
If it is a sole proprietorship or a partnership, you may need to engage an attorney to create shares. A popular way to do that is by creating a limited liability company. (Investors Business Daily)
64 licences revoked Apr 20, 2007
In a written reply to Loh Seng Kok (BN Kelana Jaya), Abdullah said 31 licences were revoked after the holders failed to change their status of the sole proprietorship to a company, while others did not increase their paid-up share capital to RM100,000 within five years from Sept 25, 1998. Thirty more licences were revoked after the holders failed to renew their licenses within the regulated one-month period before the licences expired, he said. (The Star Online, Malaysia -- News)
For those who have yet to file, some 11th-hour tax guidance Apr 17, 2007
Q. My husband owns a sole proprietorship for which he is claiming income. I do his books, but do not receive a salary per se. (Boston Globe)
Being the boss not for sissies Apr 13, 2007
Sit with your CPA and determine what business structure will best suit your situation, whether it's limited liability corporation, a sole proprietorship, a corporation or other types. Finally, don't be afraid to look for bank funding, but be sure about your intentions. (Queens Village Times, NY)
The Insurance Your Business Needs Apr 7, 2007
For instance, the form of doing business you choose, such as a corporation, partnership or sole proprietorship, can affect your protection and liability. . (MSNBC -- Business)
Married Business Partners Apr 4, 2007
But here's the good news: The IRS says you can start treating your husband-wife business as a sole proprietorship for federal-tax-filing purposes ... The upshot is you can choose to report all your business income and expenses on simple-and-easy sole proprietorship Schedule C (Profit or Loss From Business) which you then include with your Form 1040 ... Treating your husband-wife business as a sole proprietorship instead of a partnership could potentially save you thousands in self-employment... (SmartMoney)
Perfect harmony Mar 6, 2007
Since launching her sole proprietorship in 1995, Makela, a former human resources specialist at Honeywell Defense Avionics and Intel, has worked with dozens of businesses who want to improve their office environments. Clients, who pay between $108 and $148 an hour for her services, include ABBA Technologies, Americana Publishing, Coldwell Banker/Parnegg Metro and Bright Future Futon. (New Mexico Business Weekly, NM)
Rose Tree Media To Put Personal Income Tax Question On Ballot Mar 1, 2007
It levies a tax on salaries and wages, commissions, bonuses and incentive programs, fees, tips, sole proprietorship net income and partnership income. On the other hand, a PIT taxes the entire population. (Holmes Media Town Talk News, PA)
Home-based businesses face new scrutiny for personal taxes Feb 23, 2007
But there's a catch in the business owner's favor: If the business is registered as a sole proprietorship, he or she qualifies for a $1,000 credit each year, which can be used to offset any taxes owed. And since many home-based businesses might only be liable for several hundred dollars in personal property taxes, they may not pay a dime. (The News-Herald)
Former CheckFree exec, wife sent to prison Feb 23, 2007
Beginning in February 2000, Dale Roberts hired independent contractors from , a sole proprietorship his wife owned. The hourly rates Harbor charged CheckFree were marked up 100 percent over the hourly rates Harbor paid its contractors, which received no other benefits from Harbor. (Atlanta Business Chronicle, GA)
Harada: Hatmaker to the Stars Feb 23, 2007
She set up a sole proprietorship in 1998 with no external financing and booked revenues of $120,000 in the first year. Now, her sales hover just below $1 million annually and her brand recognition is soaring internationally. (BusinessWeek)
Insurance agent sentenced for insider trading Feb 17, 2007
Through a sole proprietorship called Balanced Financial Planning, Gallivan sold insurance and other products to executives and directors of California community banks, according to court documents. Because of his intimate knowledge of bank insurance, Gallivan's clients periodically consulted him about the financial impact of mergers and acquisitions on their executive insurance products. (North County Times)
Press Briefing by CEA Chairman Lazear on the 2007 Economic Report of the President Feb 13, 2007
First of all, it tends to work on small businesses, rather than on larger businesses, because most of that, as you know, works as a pass through and shows up on the individual's income tax return -- so if you have a partnership or a sub-chapter S or sole proprietorship, schedule C kind of thing, that will show up on the individual's income tax. And so we do think there are some pretty significant effects there. (White House News Releases)
