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WebMar 29, 2024 · A sole proprietorship—also referred to as a sole trader or a proprietorship—is an unincorporated business that has just one owner who pays personal income tax on profits earned from the... WebDec 5, 2024 · One of the most important things you can do as an owner is to limit your personal liability for business debts and liabilities. This is what most entities start with—reducing your exposure.... WebApr 13, 2024 · It’s required in most states for businesses with one or more employees, although LLCs are treated a bit differently. If your limited liability company has any … dr. traboulsi cleveland clinic