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Sujon Kumar
Apr 11, 2022
In Welcome to the Forum
You didn't get to choose who you would be, select your Telephone Number List own name, etc. You can (and must) make all those choices for your business. To begin with, you must decide what kind of legal and tax identity your business will have. There are two big possibilities: a sole proprietorship, or a corporation (Inc. or LLC). Each of these Telephone Number List possibilities has advantages and disadvantages, which may vary a lot based on your own tax situation, your expected business income, and even the state in which you live in the United States. Many, perhaps most, small Telephone Number List businesses are operated as a "sole proprietorship." This essentially means that you are the "only owner" of your business. It is usually the easiest type of business to set up, and it generally requires no "set up" costs other than perhaps a business Telephone Number List license if your local government (city, county, etc.) requires you to have one. Under a sole proprietorship, you and your business Telephone Number List are seen as being one single entity. All business records will include your name, your Social Security number, etc. Your personal income (say, from your existing job) and your business income will be counted together when you do your taxes, which minimizes number of IRS forms you need to fill out. However, one of the big reasons that some business owners invest the time Telephone Number List and money to set up a different type of business ownership is precisely because
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