I operate them as a sole proprietor by the way.What do you think about the idea of looking into the policy and cutting out some coverages to downsize the premium?

Hi All, I read a bunch of different forum posts on the different approaches, but was curious if anyone had the tactical (step by step) process for this question. 1. What is the step-by-step process to transition an ex...

Schedule C if you a sole proprietor) & you do not have any full-time w-2 employees (i.e. working 1000 hours or more per year OR starting in 2021 500 hours per year for 3 consecutive years) working for your self-employed business or otherwise.2.

I'm considering starting a business (as a sole proprietor) focusing on due diligence for commercial property transactions and I'd appreciate your input on how I should best market myself.

On Line 2: Business Name/disregarded entity name: Write the name of subsidiary/operating LLC On Line 3: I have checked Individual/sole proprietor or single-member LLC.

Save yourself the extra costs of doing the related tax forms and stuff for the S CorpHere’s another one: depending on the nature of the income of your side business, I think you can still have the solo 401k as a sole proprietor.

I have a sole proprietor LLC that is registered to do business in Ohio as a foreign for profit LLC.Thanks,Don

Single member LLC are a pass through entities and are done on form1040 anyways like a sole proprietor I'm not mistaken.

You don't get any more or less deductions for expenses and depreciation whether you do business as a Sole Proprietor (in your own name) or a separate entityI am not a tax lawyer nor an accountant the above is my laypersons understanding of the law and taxes.

@terrell @Terrell Garren, we are buying a condo out of state and want it under a corporation, rather than a sole proprietor.