Buyers > Tools > Business Organizations

Sole Proprietorship
This information came from the State of New Jersey’s Web site.
Check with your accountant, lawyer or small business advisor for the most current information or changes to the tax law for this type of business organization. 

This is a business where one person furnishes all the capital and assumes all the responsibility and liability.  The business terminates upon the death of the owner. 

If you have the skills and capital necessary to operate your business, then this form of business organization should be considered very carefully.