Sole Proprietorship

Sole Proprietorship

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Storyboard Text

  • Of course! Sole proprietorship is when you are the owner and the employee of your business.
  • Hey sir, do you know what sole proprietorship is?
  • As a sole proprietorship your business is not taxed separately.
  • So can you tell me more about Sole Proprietorship sir?
  • Well there is no separation between you and your business...
  • And you are responsible for business assets and liabilities.
  • What about taxes?
  • In fact, your business income is considered as your personal income.
  • What if I want to use a trade name?
  • If you want to use a trade name..
  • You can use the "DBA" also known as the Doing Business Ads.
  • Thank you for answering my question sir!
  • Your welcome, no problem!
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