proprietorship

Census data shows that a large swath of new-business applications were for sole proprietorships that had no intention to hire employees.

IRS algorithms select taxpayers for research audits from a pool that disproportionately includes high-income taxpayers who are self-employed or who generate revenue through sole proprietorships or from investments.

Roughly 96 percent of Black-owned businesses are sole proprietorships and single employee companies.

The organization also provides entrepreneurial and technical assistance and an entire curriculum — in English, Spanish, Tagalog and Korean — on how to create a business plan and launch a limited liability company or sole proprietorship.

Whether you’re a freelancer, an independent contractor or run a sole proprietorship business, it’s up to you to keep track of your taxes.