Valdese, NC asked in Bankruptcy, Contracts, Copyright and Estate Planning for North Carolina

Q: How do I obtain info about my sole proprietorship

2 Lawyer Answers
Theodore David Vicknair Sr.
Theodore David Vicknair Sr.
Answered
  • Estate Planning Lawyer
  • Mandeville, LA

A: This is a hard question to understand. Do you currently have a sole proprietorship? Or will it be a new one? Nothing is required to establish a sole proprietorship. Your income is reported on Form 1040, Schedule C or C-EZ. You should be running all income through a separate bank account to accurately keep track of the income and expenses.

I know I am answering this question like an accountant, but I don't see the legal issue posed in the question. Can you please rephrase?

Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: NC Secretary of States Office.

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