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 ...

Self-employment and side hustles have been booming in popularity, which complicates taxes for some. Financial planner Nate Hoskin said for most side hustles it's best to be a sole proprietor or have ...

sole proprietorship is an unregistered business owned by one person. When you operate a business as a sole proprietorship, there's no distinction between you and the business (as there is with a ...

Getting the choice of entity right at the start is crucial, since switching later can have tax and other consequences. Getting the choice of entity right at the start is crucial, since switching later ...

Operating an LLC—or a corporation—taxed as an S-corp can provide significant tax savings to small businesses at every level.

I have a few income streams, one is from my 9-5, the other is from consulting/technical work I do on the side, and the other is income I get from rental properties. I am also planning to launch an ...

If you’re starting a business, you’ll need to decide on a business entity type. Two popular options among new business owners are sole proprietorships and limited liability corporations (LLC). Which ...