Transcription of Summary — forms and filing requirements
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Summary — forms and filing requirements
Here s a brief overview of the different types of entity choices available when starting a new business. This overview may not answer all your questions. For more detail or help in deciding on the type of entity that s best for your situation, we recommend contact-ing an accountant or proprietorship. A sole proprietorship is not subject to state rules covering organization or op-eration. If the business s name is different from the owner s, it must be registered as an assumed name with the Office of the Secretary of State. Income and expenses are reported on Schedule C of the owner s federal form 1040, Individual Income Tax If the partnership s business name is different from the name(s) of the partners, it must be registered as an assumed name with the Office of the Secretary of State.
Sole proprietorship Partnership. C corporation S corporation. Limited liability partnership Limited liability company. Business Entities. an overview. For more information
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