A sole proprietorship is a business owned by a single person or by a husband and wife. Sole proprietorships are the most common and least expensive type of business to form, according to Lawyers.com.

The Corporation Sole is an ancient form of a corporation, which has but a single person holding a single office, i.e., it only has one shareholder and one officer; nothing more, nothing less. The ...

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A small business may operate under various legal forms. The most common of these, particularly for new startups, is the sole proprietorship. The individual who owns the business receives all of its ...

A corporation is a legal entity created by individuals or shareholders that functions as a separate organization from its owners. Corporations have some of the same legal rights as individuals. They ...

According to the IRS, a corporation is formed under state law by filing articles of incorporation with the state. A private corporation is a business entity owned by a small number of shareholders.