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sole proprietorship

A sole proprietorship is the simplest and most common structure chosen to start a business. It is an unincorporated business owned and run by one individual with no distinction between the business and you, the owner. You are entitled to all profits and are responsible for all your business’s debts, losses and liabilities.

You do not have to take any formal action to form a sole proprietorship. As long as you are the only owner, this status automatically comes from your business activities. In fact, you may already own one without knowing it. If you are a freelance writer, for example, you are a sole proprietor. But like all businesses, you need to obtain the necessary licenses and permits. Regulations vary by industry, state, and locality.



State Statutes for the State of Texas

CHAPTER 277 - BUSINESS CHECKING ACCOUNTS

(1) "Business" means a legal entity, including a corporation, partnership, or sole proprietorship, that (1) if the business is a sole proprietorship:

CHAPTER 2006 - AGENCY ACTIONS AFFECTING SMALL BUSINESSES AND RURAL COMMUNITIES

(1) "Micro-business" means a legal entity, including a corporation, partnership, or sole proprietorship (2) "Small business" means a legal entity, including a corporation, partnership, or sole proprietorship (2) "Small business" means a legal entity, including a corporation, partnership, or sole proprietorship

CHAPTER 171 - REGULATION OF CONFLICTS OF INTEREST OF OFFICERS OF MUNICIPALITIES, COUNTIES, AND CERTAIN OTHER LOCAL GOVERNMENTS

(2) "Business entity" means a sole proprietorship, partnership, firm, corporation, holding company,

CHAPTER 531 - PROVISIONS GENERALLY APPLICABLE TO MENTAL HEALTH AND INTELLECTUAL DISABILITY SERVICES

(1) "Business entity" means a sole proprietorship, partnership, firm, corporation, holding company,

CHAPTER 101 - INTERNATIONAL MATCHMAKING ORGANIZATIONS

(4) "International matchmaking organization" means a corporation, partnership, sole proprietorship, or other legal entity that does business in the United States and offers to residents of this state dating

CHAPTER 150 - LICENSED OR REGISTERED PROFESSIONALS

professional corporation, limited liability corporation, partnership, limited liability partnership, sole proprietorship, joint venture, or any other business entity.

CHAPTER 4001 - AGENT LICENSING IN GENERAL

INCORPORATION OF SOLE PROPRIETORSHIP. An individual engaged in business as a sole proprietorship under a license issued under this title may

CHAPTER 481 - TEXAS ECONOMIC DEVELOPMENT AND TOURISM OFFICE

(d) For the purposes of this section, a business entity is a sole proprietorship, partnership, firm, (l) For purposes of Subsection (k), "small business" means a legal entity, including a corporation, partnership, or sole proprietorship, that: (5) "Medium-sized business" means a corporation, partnership, sole proprietorship, or other legal entity (10) "Small business" means a corporation, partnership, sole proprietorship, or other legal entity that

Federal Statutes

§ 78dd–2. Prohibited foreign trade practices by domestic concerns

(B) any corporation, partnership, association, joint-stock company, business trust, unincorporated organization , or sole proprietorship which has its principal place of business in the United States, or which is defined in section 1101 of title 8) or any corporation, partnership, association, joint-stock company, business trust, unincorporated organization, or sole proprietorship organized under the laws of the United States

§ 7442. Definitions

which a member of the Board has a direct or indirect financial interest in a corporation, partnership, sole proprietorship, joint venture, or other business entity dealing directly or indirectly with the Board

§ 6002. Definitions

situation in which a member has a direct or indirect financial interest in a corporation, partnership, sole proprietorship, joint venture, or other business entity dealing directly or indirectly with the Board

§ 264. Certain amounts paid in connection with insurance contracts

I) Certain trades or businesses not taken into account Clause (ii) shall not apply to any trade or business carried on as a sole proprietorship and to any trade or business performing services as an employee.

§ 375b. Extensions of credit to executive officers, directors, and principal shareholders of member banks

general Except as provided in clause (ii), the term “company” means any corporation, partnership, business or other trust, association, joint venture, pool syndicate, sole proprietorship, unincorporated organization , or other business entity.

§ 78dd–3. Prohibited foreign trade practices by persons other than issuers or domestic concerns

defined in section 1101 of title 8 [1] or any corporation, partnership, association, joint-stock company, business trust, unincorporated organization, or sole proprietorship organized under the law of a foreign nation

§ 78dd–1. Prohibited foreign trade practices by issuers

defined in section 1101 of title 8) or any corporation, partnership, association, joint-stock company, business trust, unincorporated organization, or sole proprietorship organized under the laws of the United States

§ 17373. Convention on Supplementary Compensation for Nuclear Damage contingent cost allocation

(B) any corporation, partnership, association, joint stock company, business trust, unincorporated organization , or sole proprietorship that is organized under the laws of the United States.