My wife owns her own business but is technically a W-2 employee based on how we have the business entity structured, however, we were looking into changing that after this tax year to a sole proprietor where she wouldn't be a W-2 employee any longer. 

Corp, LLC, Sole Proprietor, etc.

Because I am a sole proprietor with no employees I can only take on so much more work to MAKE more money, so that's not really an option here, or at least it has its limitations....me.

@Brandon AddisonAs an independent contractor, you are self-employed and should have the option to establish a Solo 401k.This would be true if you receive your compensation from your client(s) directly and it is reported using form 1099-MISC.A solo 401k can be established by sole-proprietors, LLC's Corporations, etc., so long as it is an owner-only business with no full time employees.

Hi All:I am middle of a rehab, and want to transfer the property from my name to a LLC (I am the sole proprietor).

I would like to transfer the ownership from me to my LLC (I am the sole proprietor). 

Just tell IPN you are a sole proprietor property management company. 

Most of you small businesses like tax centers or churches will not have a D&B history- For startups (<2 year operating history), regardless of whether it's a sole proprietor, LLC, or corp, I essentially screen the same way as residential.  

You use the EIN for entities and their SSN for sole proprietors/individuals.People flippantly use corporation for the "c" in LLC, but it is for company, not corporation. 

Can I write off a work truck as a sole proprietor?