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SBA Study Finds Sole Proprietorships Pay Lowest Tax Rate of Small Businesses
May 1, 2009 /
When starting up a new business, entrepreneurs need to decide what legal form the company will take and how it will report for tax purposes. Sometimes the legal form chosen dictates a direction to take with the tax decision, but some small business owners can choose to report as a corporation for tax purposes even if they choose a different legal form for the enterprise. A new report from the Small Business Association sheds some light on the financial ramifications of this decision.
Hazel Becker
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Posted in: Funding and Building your Business