{"id":505,"date":"2010-11-03T16:44:00","date_gmt":"2010-11-03T16:44:00","guid":{"rendered":"http:\/\/smallbizsurvival.com\/?p=505"},"modified":"2019-02-16T09:34:02","modified_gmt":"2019-02-16T15:34:02","slug":"can-sole-proprietor-have-more-than-one","status":"publish","type":"post","link":"https:\/\/smallbizsurvival.com\/2010\/11\/can-sole-proprietor-have-more-than-one.html","title":{"rendered":"Can a sole proprietor have more than one business"},"content":{"rendered":"

Question: Can a sole proprietor have more than one business?<\/b>
\nAnswer: Yes. Next question.<\/b>
\n<\/em>
\nEasy peasy.<\/p>\n

Seriously, as a sole proprietor, you may have one (1) business or several businesses. There is no limit to the number of businesses in which you may engage.<\/p>\n

The Internal Revenue Service says you must report your income and your expenses from any endeavor entered into with a profit motive. That can be one or a dozen or even more.<\/p>\n

When reporting your business on a Schedule C, you must enter a Business Code. Therefore, if each of your businesses is in a field unrelated to the other–say, if you own\/operate the following: Fine Leather Shoe Shop, K-9 Kennels: Prime Pups, AAA Accounting–you will need a separate Schedule C to report each business.<\/p>\n

Then, all Schedule C’s will be totaled together and the final number will be carried to the front of the Form 1040.<\/p>\n

See? It really was easy.
\n<\/em><\/p>\n

Helpful links for sole proprietors:<\/p>\n