In fact, for most small business cards, individuals are eligible to
apply as a sole proprietorship even if you are just starting out.
Not exact matches
But if your small - business credit card is guaranteed by your personal credit — the case for all
sole proprietorships and some recently incorporated businesses — the protections covered by the new legislation will
apply to your card
as well, so no need to switch.
We've been holding off
applying for the business card (operated
as sole proprietorship under SS #) until it's been the 91 days since we got the personal premier....
Students gain experience in
applying for juried exhibitions, displaying work in a professional and effective manner, and mastering the basic business practices needed to run a
sole proprietorship, i.e. bookkeeping for tax purposes, pricing work, studio start - up costs, registering yourself
as a business in any given state, and using a CPA to advantage.
Also, pass - through tax treatment (which had already
applied to
sole proprietorships and partnerships) meant that owners had to pay tax on the income
as it was earned, unlike the shareholders of C corporations who, in the words of Tax Foundation economist Kyle Pomerleau, «can defer the taxation on their share of corporate income
as long
as the corporation retains its earnings or if the shareholder does not realize a capital gain on his stock.»