Inbound Tax Planning » Inbound Pre-Entry & Structuring Strategy » For Businesses – Inbound Tax Planning » Entity Structuring » Sole Proprietorship in the U.S.
In the U.S., the sole proprietorship is an unincorporated business operated by a single individual. It is the simplest form of business, with no distinction between the owner and the business itself. Income generated is reported on the owner’s personal tax return, using Form 1040 or 1040NR.
A foreign national may establish a sole proprietorship in the U.S., provided they meet any applicable immigration requirements.