LLC, sole proprietaty or wing it?
LLC, sole proprietaty or wing it?
Out of context: Reply #9
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- seed0
I've never heard that sole proprietors are taxed twice:
"Any income that is earned from the business is considered your income. The sole proprietorship itself is not separately taxed on its income. Instead, the sole proprietor reports business income and expenses on his or her own tax return. This means that the net income from the business is taxed only once."
- right, but having the business tied to your person is dangerous. LLC is spearatebulletfactory