Tax Implications of Different Business Structures
Explore tax implications of different business structures to make informed decisions for your company.
Understanding the tax implications of your business structure is essential for financial planning and compliance.
Sole Proprietorship Taxation
Income and expenses are reported on your personal tax return using Schedule C.
LLC Taxation
Default taxation is pass-through, but you can elect corporate taxation if beneficial.
Corporation Taxation
C-Corps face double taxation, while S-Corps offer pass-through taxation with restrictions.
Partnership Taxation
Partners report their share of income and losses on personal returns.
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