Sole proprietorships—run by freelancers, consultants or other independent contractors—typically have simple taxes compared to other business structures. However, there are specific tax guidelines sole ...

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 ...

A sole proprietorship is an unincorporated business entity that is owned by a single business owner. The primary distinguishing feature of the sole proprietorship is that only one person owns and ...

When you’re starting a business, one of the first big decisions you’ll face is choosing the right business structure. It’s ...

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