On many of the procedures involved in registering your firm as a sole proprietorship, our professionals will provide you with qualified help. In order to gather information and complete the necessary federal paperwork, our specialist will get in touch with you. As the proprietor and the business are one and the same, a proprietorship cannot have other partners or shareholders. Further, there is no limited liability protection for the proprietor from the business activities conducted in the sole proprietorship. Hence, this type of business entity is best suited for every small businesses with no more than 5 employees.