Sole Proprietorship

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Sole Proprietorship

 A sole proprietor is by far the simplest form of business ownership. This occurs when an individual runs a business without setting up a recognized business structure with the Secretary of State. For that reason, it is generally the default way in which a person starts a business. It creates exposure to liability from the owner's actions. The sole proprietor is also taxed on his income through his individual tax filing so it does not allow for effective tax planning. If you are running a business as a sole proprietor come into the Smith Law Firm LLC and let's see if we can get you set up with a more favorable company entity. 

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At Smith Law Firm LLC, I focus on bankruptcy, business law, and real estate and I am here to listen to you and help you navigate the legal system.

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Smith Law Firm LLC is committed to answering your questions about bankruptcy, business law, and real estate law issues in Wyoming.

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