Question: Can a sole proprietor have more than one business?
Answer: Yes. Next question.
The Internal Revenue Service says you must report your income and your expenses from any endeavor entered into with a profit motive. That can be one or a dozen or even more.
When reporting your business on a Schedule C, you must enter a Business Code. Therefore, if each of your businesses is in a field unrelated to the other–say, if you own/operate the following: Fine Leather Shoe Shop, K-9 Kennels: Prime Pups, AAA Accounting–you will need a separate Schedule C to report each business.
Then, all Schedule C’s will be totaled together and the final number will be carried to the front of the Form 1040.
See? It really was easy.
Helpful links for sole proprietors: