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13 things you should know about being a sole trader

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Sole Proprietorship

Sole Proprietorship

Legit – everything you need to know to cover your butt as a CDN sole- proprietor and run your business like a boss.

... is not a separate tax entity like a corporation; instead, it is what the IRS calls a “pass-through entity,” like a partnership or sole proprietorship.

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Accounting software is ideal for sole proprietorships.

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A sole proprietor may terminate the business and transfer the business assets.

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Legal Guide for Starting & Running a Small Business: Fred S. Steingold Attorney: 9781413324075: Amazon.com: Books

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Note: this post has been updated as of March 2019 to maintain accuracy.

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