Sole practitioner definition

What is a Sole Practitioner?

A sole practitioner is a licensed professional who operates a firm without any other partners. In such a practice, there may be a number of support staff to assist the professional. Several types of legal organization may be used by a sole practitioner, such as a sole proprietorship, limited liability company, or corporation.

Given the specialized nature of many of these jobs, state governments frequently require that sole practitioners obtain a certification and insurance before going into business.

Examples of Sole Practitioners

Here are some examples of sole practitioners across different industries:

Legal Industry

  • Independent attorneys. Lawyers who operate their own law firms, handling cases independently.

  • Freelance legal consultants. Legal professionals offering specialized advice without being part of a firm.

Medical Industry

  • Private practice doctors. Physicians who run their own clinics, such as general practitioners or specialists (e.g., dermatologists, dentists).

  • Independent psychologists/therapists. Mental health professionals with private practices.

Finance and Accounting

  • Certified public accountants (CPAs). Accountants who provide tax, audit, and financial services on their own.

  • Independent financial advisors. Professionals offering investment and wealth management advice.

Creative and Media Industry

  • Freelance graphic designers. Independent designers working on branding, advertising, and digital content.

  • Freelance writers/journalists. Writers who create articles, books, or reports without working for a single employer.

Technology and Consulting

  • Freelance software developers. Programmers or IT consultants offering independent software solutions.

  • Independent business consultants. Experts providing strategy, operations, or marketing advice.

Related AccountingTools Courses

C Corporation Tax Guide

Essentials of Limited Liability Companies