| Family members often find entering business together is more efficient than operating several independent sole proprietorships. |
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| More than two-thirds of all small businesses are either sole proprietorships, partnerships, or S corporations. |
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| Many small businesses start their businesses as sole proprietorships or partnerships. |
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| The 1999 amendment, however, fell short of affording legal protection to individual property owners or proprietorships. |
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| Sole proprietorships are audited more than any other taxable entity. |
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| General partnerships and sole proprietorships allow for the potential use of losses against income tax and SE tax. |
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| In 2013 549 new establishments were created in Bayonne including 406 Sole proprietorships. |
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