An entry for "owner's drawing" in the financial records of a business represents money that a company owner has taken from the business for personal use. Owner's draws are routine occurrences in small ...

A sole proprietorship is a business entity where all liabilities and financial obligations pass to the single owner of the business. Those choosing a sole proprietorship are usually in low-liability ...

This guide explains how an LLC vs. sole proprietorship differs in terms of formation, operations, management, taxes and legal protection. Many, or all, of the products featured on this page are from ...

There are more sole proprietors in the United States than any other type of business. According to the U.S. Census Bureau, there were more than 21 million sole proprietorships registered in 2015. Sole ...

Determining what business structure is right for you is the most crucial step before starting a business. If you’re a first-time or seasoned business owner ready to start a new venture, weighing your ...