Business A sole proprietorship is an unincorporated business that is owned by one individual. It is the simplest form of business organization to start and maintain. The business has no existence apart from you, the owner. Its liabilities are your personal liabilities. You undertake the risks of the business for all assets owned, whether used in the business or personally owned. You include the income and expenses of the business on your own tax return. Business - All business/finance/loan/mortgage related link can be found here more 1 2 3 4 5 Computers - All computer hardware/software/peripheral related link can be found here more 1 2 3 4 5 Internet - All webhosting/webdesign/internet marketing related link can be found here more 1 2 3 4 5 Software - All software related link can be found here more 1 2 3 4 5 Web Design - All web design/development related link can be found here more 1 2 3 4 5 Web Hosting - All web hosting related link can be found here more 1 2 3 4 5 Web Promotion - All search engine optimization/internet marketing related link can be found here more 1 2 3 4 5 Web Resources - All other web related link can be found here more 1 2 3 4 5 Recreation - All travel/hotel/cruise related link can be found here more 1 2 3 4 5 Casino - All online gambling/poker/blackjack/roulette related link can be found here more 1 2 3 4 5 Health - All online pharmacy/hospital/health related link can be found here more 1 2 3 4 5 Shopping - All online shopping/gift related link can be found here more 1 2 3 4 5 Miscellaneous - All other links can be found here more 1 2 3 4 5   However, even though a sole proprietorship is the simplest way to set up your business, you still need to follow your local business regulations to make your business legitimate. And you are personally responsible for paying both income taxes and business debts. Unlike a sole proprietorship, a corporation is a legal entity in which the individual and business are separate. The great thing about incorporating is taht the corporation protects you from personal liability for business debts. For example, if your business gets sued, your personal assets are safe, for the most part.