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SBA Study Finds Sole Proprietorships Pay Lowest Tax Rate of Small Businesses

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

Full Story: http://www.nuwireinvestor.com/articles/sba-study-finds-sole-proprietorships-pay-lowest-tax-rate-of-52895.aspx

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