Filing Requirements for Sole Proprietorship

The video tutorial explains the legal requirements for forming a sole proprietorship, emphasizing that no state filing is needed to start one. However, certain situations require filing or announcing the business status to the public. It covers the 'Doing Business As' (DBA) or fictitious name filing, which is necessary when operating under a name different from the owner's. Additionally, obtaining a business license from the local governing body is essential for legal business operations.

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