Advantage: sole proprietorship. · The net income of an S corporation passed through to its shareholders is not subject to self-employment tax (approximately 15%). Whereas with a sole ...

The structure you select will impact your taxes, liability, and overall management of the business. Two popular options are the sole proprietorship and the S corporation (S Corp). Understanding ...

Cons: A primary disadvantage of operating as an S corporation relates to estate tax rules. Upon the death of the owner of a sole proprietorship, the inventory, land and depreciable assets of the ...

Previously, the tool was only available to sole proprietors who ... and individual shareholders of S corporation businesses are eligible for a Business Tax Account. An individual partner or ...

Sole proprietors, partners (including LLC members) and two percent shareholders in an S corporation are not treated as “employees” for purposes of certain benefits. Among those benefits is ...

You can be a sole proprietor, a general partner, or the head of your corporation. Your choice has a big impact on your tax liability, so make sure to get your CPA's advice first. Sole ...

Income and losses are taxed on the individual's personal income tax return ... something that partnerships, LLCs and corporations cannot do. Sole proprietorships often have their bank accounts ...

Whenever a sole proprietorship is operated under another name than the owner's legal name ... because unlike an LLC or corporation, it does not require filing a state business license. How much does ...