Who will benefit the most from the tax law changes this year? The biggest winners will be: Corporations: With reduced corporate tax rates of 21% versus the previous 35%, most corporations will come out ahead. Although corporations that have income of less than approximately $75,000 may not benefit. Business owners: Business owners that operate sole-proprietorships, […]
sole proprietor
Business Structure Issues – Key Differences Between an LLC, S-Corp, C-Corp and Sole Proprietor
Business owners have several choices of how they can operate a business. The decision should be well thought out and be able to meet their objectives. Here are some of the pros and cons of each structure: Sole Proprietor: The easiest form of operating your business is as a sole proprietor. A sole proprietor has […]