Starting your own business sounds like The American Dream, right? Just the thought of it might make your mind wander to the freedoms of a flexible schedule or being your own boss. And yes, as a full-time freelance writer, I can attest that while there are times when this all feels like a dream, there are also times when it feels like The Most Confusing Thing Ever, so I sought some professional advice. I've mostly wondered if I should remain a sole proprietorship or if I needed to incorporate, and my accountant pointed out that since I'm a freelancer, I'm less of a business entity and more of a person who does business. All of this is to say that for my particular needs, a sole proprietorship is the best business structure for me.
I began my career as a full-time freelancer writer in March of 2016, and a year and a half later there's quite a bit that's changed for me. Not only do I now have a kid (!), but my business has shifted from half journalism work and half content marketing to being able to focus on food and drink writing almost exclusively. One thing that hasn’t changed, however, is my business model. If you’re facing the same decision for your own business venture, here are a few basics about sole proprietorships that will help point you in the right direction: