Sole Proprietorship

If you are considering starting a business or are currently conducting business as a sole proprietorship you need to serious consider creating some type of business entity. Regardless of your level of success, you are opening yourself up to a huge liability that could result in you loosing everything you currently possess.

In addition you are incurring a much larger then necessary tax burned by operating your business in this manor. Your business income is being taxed at the highest level possible using this non-structure and you are paying both sides of the payroll tax which is currently 12.6% on top of your individual income taxes.

Partnership

C Corporation

S Corporation

Limited Liability Company

Limited Partnership

View our Business Entity Comparison chart to get a better understanding of the different business entity available.