You could even keep the long hold properties as a sole proprietor, but the short term buy and sell must be in its own entity to keep from getting tagged this way by the IRS.

You hit the nail on the head , I talked to nearby buisness owners, and they said the pizza store was in action for 18 months , the proprietor was renting the space from the building owner , he bought all the equipment on credit , unfortunately for him the buisness just never took off .Apparently the product was ok but takeaway was minimal , he did not have a delivery service which probably hurt also , it’s a shame for the guy as he made a beautiful job of decorating the place etc .I’m the end he was way behind in rent and he was thrown out basically and the equipment held.

I haven’t heard of any requirements for meeting minutes but don’t have any experience in that type of transaction.I agree a single member LLC does not operate much differently than a sole proprietor business.

I am currently a sole proprietor real estate broker, I will soon have a brokerage in partnership with another owner, and we'll both be doing our own investment projects (flips etc) as well as holding rentals.

If it's a sole-proprietor LLC, should that matter?

Additionally, I am the proprietor of a small business in the wedding industry, which is principally managed by my wife and generates approximately $50,000 annually.While I have no intention of resigning from my current position, I am keen on expanding into the realm of real estate investment, an area I've long been interested in.Together with my wife, we aspire to develop a portfolio that includes both long-term and, eventually, short-term rental properties.

Judges aren't going to automatically rule in their favor especially if the individual is a small sole proprietor.

Has anyone used their future incorporated name as a sole proprietor DBA ie ABC Real Estate Services?

The building is under my name as a sole proprietor.

To answer a previous question, income such as self employed/sole proprietor can be verified with an uploaded pay stub or last tax return.