- You don't need to file paperwork to start a sole proprietorship.
- But there are some things you may want to consider to get the most out of your business.
Frequently Asked Questions:
Even if your business is a sole proprietorship, you should have a separate business bank account to help separate your business and personal income and expenses. This will help you properly report your business income on your personal tax returns. Most banks will allow you to open an account for your sole proprietorship using your social security number.
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