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Some challenges you might face as a sole proprietor in Vegas
Greater liability
As a sole proprietor, you're personally liable if the business gets sued or incurs debts.
Taxes
Sole proprietors must report business profits as personal income, and pay self-employment tax.
Difficulties raising capital
It's harder to attract investors because you have no partners, shares, or membership interests.
How you can build your business
Dive deeper into Business Formation
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