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How legal structure impacts taxes for your business

Taxes are an inevitable part of life and business. How your business pays taxes, the types of taxes your business needs to pay, how much you have to pay in taxes, and when you have to pay small business taxes are determined largely by the legal structure of your business. The four main business structures are:

  1. Sole Proprietorship
  2. Partnership
  3. S-Corporation
  4. C-Corporation

Taxes for Sole Proprietors

A sole proprietorship is a business that’s owned and operated by one individual.

Taxes for S-Corporations

A sole proprietorship is a business that’s owned and operated by one individual.

Taxes for C-Corporations

A sole proprietorship is a business that’s owned and operated by one individual.

Taxes for Partnerships

A sole proprietorship is a business that’s owned and operated by one individual.

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