Choose Your Real Estate Entity Wisely: Sole Proprietorship
By Ryan + January 9th, 2007A sole proprietorship (”SP”) is not a separate legal entity therefore title to the real estate property is held in the individual’s name. The property is owned and operated by the individual, for both legal and tax purposes.
From a nontax standpoint, a SP is simple to operate–recordkeeping requirements and related costs for the business [...]