Sentences with phrase «proprietorship type of entity»

Why do some entrepreneurs choose the sole proprietorship type of entity and others do not?

Not exact matches

Will it be a sole proprietorship, LLC, corporation or another type of entity?

The biggest includes a reduction in the top corporate rate to 21 %, a new 20 % deduction for incomes from certain type of «pass - through» entities (partnerships, S Corps, sole proprietorships), limits on expensing of interest from borrowing, almost doubling of the amount small businesses can expense from the 2017 Section 179 amount of $ 510,000 to $ 1,000,000, and eliminates the corporate alternative minimum tax (AMT).

Also, the type of legal entity should be specified for the freelance attorney (sole proprietorship or business entity) along with reference to a social security or tax ID number.

It's best to carefully weigh the pros and cons when deciding which type of business entity to set up — for example, you can choose between a Sole Proprietorship or Partnership, or an entity that offers liability protection (like an LLC, S - Corp, or C - Corp).

The named insured may be a corporation, partnership, sole proprietorship or another type of entity.