Is Your Entity Type Working For You?
Understand the difference between a Sole Proprietor, DBA, LLC, and S-Corporation. Many times these concepts and definitions can be unclear and confusing. This breakdown shows how they are considered for taxation by the IRS, how you report income, and they type of tax you may be subject to. This information is general in nature. Individual situations may vary, and we recomend you schedule a consultation or speak with your trusted advisor on your specific business.