Sole

A sole proprietorship is a business that can be owned and controlled by an individual, a company or a limited liability partnership. There are no… Read More »Is Owner Same As Sole Proprietor?

An individual cannot be considered a sole proprietorship with multiple owners. However, if a husband and wife work in the business, it is legal to… Read More »Can Two Sole Proprietors Work Together?

If you recruit people to invest in your sole proprietorship, your business will, by default, become a general partnership. This means your equity investors will… Read More »Can A Sole Proprietorship Business Have Investors?

Sole proprietorships are not designed to have stockholders. In the United States, you can own shares of stock only in a company that has been… Read More »Can Sole Proprietorship Have Shares?

These accounts can be individual or co-owned personal accounts, and/or sole proprietor small business accounts, but only the account owner can designate POD beneficiaries. Can… Read More »Can A Sole Proprietor Bank Account Have A Beneficiary?

As previously noted, however, the sole proprietorship can only involve one person. Therefore, you cannot bring in any other partners or employees. Once this occurs,… Read More »How Do I Add An Owner To A Sole Proprietorship?

A sole proprietorship is a specific type of business organization that is owned by one single individual. Under this type of business structure, this person… Read More »Why Are Sole Proprietors Personally Liable For The Debts Of Their Business?

If you plan to transfer business ownership of the Sole-Proprietorship, you must lodge the change with the Registrar online via BizFile+ using SingPass or CorpPass… Read More »How Do I Transfer My Sole Proprietorship To Another Person In Singapore?

Can a sole proprietorship have more than one owner? A sole proprietorship cannot have more than one owner. This is because income and expenses from… Read More »Can There Be 2 Owners In A Sole Proprietorship Have?

Sole proprietorships and partnerships offer no protection of personal assets from business liability exposure. With these business types, a lawsuit against your business may expose… Read More »Does A Sole Proprietorship Protect Personal Assets?