Amanda White
CFP, 5-Year Full-Time Freelancer
Sole Proprietor
In This Article
Definition
Simplest business structure where individual and business are legally the same entity.
Related Terms
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FAQs
Am I a sole proprietor?
By default, yes, if doing gig work without forming entity.
Do I need to register?
Usually just file Schedule C on taxes.
Similar Terms
NDA (Non-Disclosure Agreement)
Legal agreement preventing sharing of confidential information about a client's business.
Contract
Legal agreement outlining project terms, payment, deliverables, and responsibilities.
LLC (Limited Liability Company)
Business structure providing personal liability protection while maintaining tax flexibility.
EIN (Employer Identification Number)
Tax ID number for businesses, sometimes used instead of SSN for payments.
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Important Disclaimer: This content is for informational purposes only and should not be considered tax, legal, or financial advice. Consult a qualified professional (CPA, tax attorney, or financial advisor) for advice specific to your situation.