Comments on: How Sole Proprietors are Taxed

By: TSHEPISO

TSHEPISO — Mon, 05 Oct 2009 08:56:10 +0000

A SOLE TRADER IS IT RECOGNOSED AS A LEGAL ENTITY

By: How Corporations Are Taxed - Business Plan Help & Small Business Articles - Bplans.com

Fri, 13 Mar 2009 18:11:15 +0000

[...] the only type of business that must pay its own income taxes on profits. In contrast, partnerships, sole proprietorships and limited liability companies (LLCs) are not taxed on business profits; instead, the profits [...]

By: How Limited Liability Companies (LLCs) Are Taxed - Business Plan Help & Small Business Articles - Bplans.com

Fri, 13 Mar 2009 18:10:56 +0000

[...] instead, it is what the IRS calls a “pass-through entity,” like a partnership or sole proprietorship. All of the profits and losses of the LLC “pass through” the business to the LLC owners [...]