Types of Business Structures
... Owners (shareholders) file a Form 1040 for personal tax with dividend income included The corporation files a Form 1120 (PDF) – US Corporation Income Tax Return – if gross receipts, or total income, or total assets are over $500,000 or if several other conditions are not met (see instructions) Form ...
... Owners (shareholders) file a Form 1040 for personal tax with dividend income included The corporation files a Form 1120 (PDF) – US Corporation Income Tax Return – if gross receipts, or total income, or total assets are over $500,000 or if several other conditions are not met (see instructions) Form ...
Advantages
... •The simplest structure •Involves one person who owns & operates the business •If you intend to work alone = best option •Tax advantages – Income tax is taxed as part of your personal income Disadvantages: •Personally responsible for your company’s liabilities – Place assets at risk which can be sei ...
... •The simplest structure •Involves one person who owns & operates the business •If you intend to work alone = best option •Tax advantages – Income tax is taxed as part of your personal income Disadvantages: •Personally responsible for your company’s liabilities – Place assets at risk which can be sei ...
Working Capital Needs
... Amount of money available to finance the dayto-day operations. Why does it become so important? ...
... Amount of money available to finance the dayto-day operations. Why does it become so important? ...