Forbes contributors publish independent expert analyses and insights. Peter J Reilly is a Forbes contributor who covers taxes. The concept of corporation sole originated as a means to the orderly ...

When you consider what a great tax deal being a church is, you have to really feel sorry for Bruce and Sherilyn Gunkle who gave up church status for something that seemed to be even better. They ...

In business, "net income" is synonymous with profit. Depending on the legal structure of your business, however, net income represents either before-tax profit or after-tax profit, a difference that ...

Starting your new business requires careful planning, which includes deciding what type of legal business entity, if any, you will form to operate your business. For a small-business owner not forming ...

In planning to start a business, deciding between a corporation and a sole proprietorship is one of the first considerations. The differences used to be clear-cut — corporations for large businesses, ...

Question: I have been in business for four years operating as a sole proprietorship filing on Schedule C of Form 1040. I have been debating switching to an S corporation. Can you please compare the ...