The sole-proprietorship tag has no wiki summary.
4
votes
4answers
245 views
Will my current employer find out if I have a sole proprietarship/corporation?
I am currently employed by a large Canadian corporation. I'm also in the planning stages of bootstrapping my own small company. The two are in unrelated industries, but it could be argued that there ...
4
votes
1answer
635 views
What are the tax benefits of a LLC vs a sole proprietorship?
What tax benefits would I receive by changing my sole proprietorship to an LLC?
Can the LLC do things like own a company car?
7
votes
2answers
319 views
What is a good open source Windows finance software
I have played around with GnuCash a little but it doesn't quite meet up to what I am looking for. I currently run QuickBooks and use class tracking to keep a fine line of separation between my ...
5
votes
1answer
322 views
Sole proprietorship or LLC?
At what point in the life of a small business would you choose to do a LLC over a sole proprietorship? What's the advantage, and what's the cost of doing an LLC?
4
votes
1answer
5k views
If you run a sole proprietorship, how do you declare the income of the business on your taxes?
Let's say I have a small sole proprietorship with only a bit of income and expenses. I can do up a balance sheet and an income statement at year end. Is that all I need to submit with my taxes, and ...
