Sentences with phrase «as a sole proprietorship in»

Kristine Kathryn Rusch and I started the business as a sole proprietorship in 1987, which I owned.

Following my call to the Ontario Bar in 1997, I established Peter A. McSherry Law Office as a sole proprietorship in Guelph.

Not exact matches

Also keep in mind, as Hamilton points out, «the most well - known benefit to forming an LLC (versus doing business as a sole proprietorship) is that an LLC provides for separation between personal assets and company assets, and this allows for some legal protection.»

Many small businesses start out as sole proprietorships, for example, and then become corporations later on (see Incorporating a business in the U.S. or How to Incorporate in Canada).

If you start a sole proprietorship in Canada and use only your legal name as the name of your business, you don't need to register your business with your province.

I could, in theory, just start up the Dylan Matthews Corporation as an LLC or sole proprietorship and contract with Vox.com to provide tax explainer services on an ongoing basis.

As the owner and the business in a sole proprietorship are one and the same from a legal perspective, there is no separation or «limited liability» personally from the business» debts or liabilities.

I would have a lot more sympathy for the owner of Hobby Lobby if it was run as a sole proprietorship and not picking and choosing how he wants help from the government in managing risk, liability, regulations and taxes.

It was organized in 1988 as a sole proprietorship to produce the first National Fiery Foods Show.

I am in the process of starting my self publishing business as a sole proprietorship.

As in a sole proprietorship, business debt is considered personal, but both your debt and the debt of your partner can affect your personal credit.

What started as a single - guy sole proprietorship run out of the laptop in my backpack is now a profitable corporation with servers across the country, an office, payroll, and several employees.

Given the minimal liability risk in painting and the low income being generated, it makes sense to run this type of business as a sole proprietorship rather than a corporation, advises Heath.

For example, you can not buy a property, or invest in a secured loan, that involves yourself, a son, daughter, parent, or other disqualified party — such as a fiduciary or your sole proprietorship.

# 4 is a little more abstract, though I see you have an LLC taxed as a sole proprietorship, and so I'm guessing protecting your personal assets may have been one of the driving reasons you formed the LLC in the first place.

The 2017 tax reform legislation now allows pass - through entities (such as partnerships, S corporations and sole proprietorships) to deduct 20 % of «qualified business income» (QBI)(in 2018 - 2025, unless Congress takes steps to extend the deduction).

Keep in mind, if your business is set up as a sole proprietorship or partnership, the owners are personally liable for all business matters including debts.

I am 22, got married in 2016, bought a house and had a kid in 2017, work a full time job and a part time job as an independent contractor, my wife owns a sole proprietorship.

I worked for a time as a Business Coach to new, mostly inexperienced (in business) people starting sole proprietorships.

Single proprietorships, even if they are incorporated as a limited - liability corporation (LLC), and especially those in which the proprietor is the sole employee, are usually treated as pass - through entities by the IRS, and any «dividends» paid by the LLC to its sole shareholder are deemed to be self - employment income for the proprietor, and not dividends at...

In fact, for most small business cards, individuals are eligible to apply as a sole proprietorship even if you are just starting out.

She founded All About Dogs, the largest dog training company in Virginia and grew it from a sole proprietorship to a Corporation that boasts over ten instructors, teaching private lessons as well as numerous group classes and behavior modification lessons for shy, fearful and aggressive dogs.

Students gain experience in applying for juried exhibitions, displaying work in a professional and effective manner, and mastering the basic business practices needed to run a sole proprietorship, i.e. bookkeeping for tax purposes, pricing work, studio start - up costs, registering yourself as a business in any given state, and using a CPA to advantage.

To put these nearly 900 ABSs in context, there were just over 10,000 solicitor firms as of the end of 2016 [iv] of which 25 % were sole proprietorships.

How your company will be structured legally, as in a partnership, sole proprietorship, LLC or other entity formation.

If you have a sole proprietorship or a partnership, you need to register a name — also known as a «doing business as» — in order to conduct operations under a title other than your name or your partner's name.

In 1997, I founded Peter A. McSherry Law Office as a sole proprietorship immediately following being called to the Ontario Bar.

Our clients include private corporations of all sizes and in a variety of industries, as well as partnerships, sole proprietorships, and individuals.

According to Professor Walter Schwidetzky, writing for the Taxprof blog, Edwards saved about $ 600,000 in taxes by operating as an S - corporation as opposed to a Schedule C sole proprietorship.

For example, if you incorporate in the middle of the calendar year but do business as a sole proprietorship before your incorporation effective date, you'll likely have to make two separate tax filings for the fiscal year: one for your sole proprietorship and the other for your freshly incorporated entity.

We represent a wide range of privately and publicly - held corporations, as well as partnerships, joint ventures, limited liability companies, and sole proprietorships in their business operations.

(8) A corporation, partnership or sole proprietorship may exercise the rights conferred by this section in the same way as a natural person, unless the court orders otherwise.

In this case, you can rule out sole proprietorships as they don't offer the liability protection the other entities offer.

If you have a business in your own name and operate as a sole proprietorship at some future time you will likely think about becoming incorporated.

Be registered as a commercial motor vehicle in the name of the school if a corporation, or in the name of the school or owner if the school is a sole proprietorship or partnership.

As busy professionals, the pair identified a need in their own work for tools to help them manage the multiplicity of tasks related to sole proprietorship.

So, my question is pretty simple: If you had the choice to continue working at your day - job with fixed salary OR quit your day - job to work and build your own firm as a sole proprietorship with more earning potential, all this while you invest in Real estate on the side so you eventually can quit working and only focus on real estate later on 3 - 5 years, what would you choose and why?

(4) Applications for brokerage licences (sole proprietorships)-- In addition to the requirements of subsection (1), an application by an individual as sole proprietor for a new brokerage licence, other than a branch office licence, must be accompanied by the material required under section 4 - 5 [materials that must accompany applications for new brokerage licences] of these bylaws and must contain, or have attached to it, the following:

If you're a small business owner and you operate in your own capacity — in other words, as a «sole proprietorship» — you are personally liable for all of the debts and obligations of the business itself; if your business fails, you go under with it.

(7) Applications to become sole proprietorship — An application to amend a managing broker, associate broker or representative licence to become a sole proprietorship brokerage licence must be made in accordance with section 4 - 4 [applications for new licences] of these bylaws as if it were an application for a new sole proprietorship brokerage licence.

Also, pass - through tax treatment (which had already applied to sole proprietorships and partnerships) meant that owners had to pay tax on the income as it was earned, unlike the shareholders of C corporations who, in the words of Tax Foundation economist Kyle Pomerleau, «can defer the taxation on their share of corporate income as long as the corporation retains its earnings or if the shareholder does not realize a capital gain on his stock.»