Special tax issues come up when you own a small business. You may be in business, thinking of starting a small business, or thinking of changing the form of your business. This discussion will give a brief federal tax overview of the different forms of doing business and tax issues arising from having employees. It does not cover state or local laws (tax or other) that can also affect your decisions about your form of business.
Find out about sole proprietorship, partnership (general and limited), corporation (C and S), and limited liability company.
Find out about gross receipts, ordinary and necessary expenses and employee taxes.
Do you need to consult an expert before starting a new company or small business?