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A
sole proprietor is someone who owns an unincorporated business by himself or
herself. However, if you are the sole member of a domestic limited liability
company (LLC), you are not a sole proprietor if you elect to treat the LLC as
a corporation.
If you
are a sole proprietor use the information in the chart below to help you determine
some of the forms that you may be required to file.
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IF you are liable for:
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THEN use Form:
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"We now accept the fact that learning is a lifelong process of
keeping abreast of change. And the most pressing task is to teach people how to
learn."
-- Dr. Peter Drucker, Austrian-born
American management consultant, educator
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