The most common forms of business are the sole proprietorship, partnership, and corporation. When beginning a business, you must decide which form of business to use. Legal and tax considerations enter into this decision. Only tax considerations are discussed in this publication.
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Your form of business determines which income tax return form you have to file. See Table 2 to find out which form you have to file. |
More about:
Sole proprietorships
Partnerships
Corporations
S Corporations
Limited Liability Companies
Information courtesy of the Internal Revenue Service.
Starting a Business and Keeping Records:
Introduction
What New Business Owners Need To Know
Forms of Business
Identification Numbers
Tax Year
Accounting Method
Business Taxes
Information Returns
Penalties
Business Expenses
Recordkeeping
How To Get More Information
