a sole proprietorship enterprise. There is no need to pay enterprise income tax, but personal income tax is required.

If you want to start your own business, you can consider setting up a company or a sole proprietorship enterprise. If you want to set up a sole proprietorship enterprise, you also need to bring the necessary information and go through the corresponding registration procedures at the Industrial and Commercial Bureau. After obtaining the business license, you can carry out business activities.

the investors of a sole proprietorship enterprise shall bear unlimited liability for the debts of the enterprise. The name of the person in charge of the enterprise shall be consistent with the ID card, and no alias shall be used. According to the relevant provisions of China's current tax law, individual income tax should be paid on the production and operation income and other income obtained by a sole proprietorship enterprise.

Advantages of a sole proprietorship enterprise:

1. It is conducive to the highly unified ownership, control, management and income rights of the enterprise assets.

2, the establishment of a sole proprietorship enterprise, the scale of a sole proprietorship enterprise is generally relatively small, and there is only one shareholder, so the procedures for establishing all its components are generally relatively simple, and the time required for establishment is also very short.

3. There are relatively few legal restrictions on the bankruptcy operation of a sole proprietorship enterprise. If the sole proprietorship enterprise can't continue to operate, no matter because of the capital chain or the operation problems of the enterprise, as long as it wants to apply for dissolution or bankruptcy, and the procedure is relatively simple

4. The sole proprietorship enterprise is exempt from enterprise income tax. When the sole proprietorship enterprise has relatively independent businesses, it can adopt the way of establishing several sole proprietorships to reduce the taxable income of each enterprise, thus achieving the effect of tax saving.

5. Information is easy to keep secret. As a sole proprietorship company is a one-person company, its boss and employees are generally nepotistic, so it is generally easy to protect the company's business secrets. Because few people know it and everyone has interests, they will be willing to protect the company's business secrets.

Disadvantages of sole proprietorship enterprises:

1. The scale of sole proprietorship enterprises is limited, which limits the expansion and large-scale operation of enterprises to some extent.

2. The investors have great risks, and the owners have to bear unlimited responsibilities. When the assets of the enterprise are insufficient to pay off their debts, the owners will pay off the debts of the enterprise with their personal property. It is beneficial to protect the interests of creditors, but a wholly-owned enterprise is not suitable for industries with high risks. If the owner takes too much risk, it restricts the activities or departments with high risks that the owner invests in the field. This is extremely unfavorable to the formation and development of emerging industries.

3. The business continuity is poor. The highly unified property right structure of enterprise management right and ownership gives the enterprise full autonomy, but it also shows that the enterprise is a natural person's enterprise, and the illness and death of the owner and his lack of personal knowledge and ability may lead to the bankruptcy of the enterprise.

4. Poor ability to resist risks. In a sole proprietorship enterprise, the company's financial resources depend on the investors' personal financial resources. Due to the influence of the company's size and financial resources, the general company's ability to resist risks is relatively poor, and it is easy to stand up when it encounters changes in the market.