Article Date:
June 2023


Word Count:
443

 

 

Tax Filing Default and Options for Different Business Entities


In the United States, the federal tax filing requirements vary depending on the type of business entity. This article gives you a brief overview of tax filing options for the following common types of businesses:

 

·

Sole proprietorship (no LLC)

·

Single-member LLC

·

Partnership (no LLC)

·

Multi-member LLC

·

C corporation

 

Sole Proprietorship (No LLC)

 

A sole proprietorship is an unincorporated business owned and run by one individual.

 

For tax purposes, the income and expenses of the business are reported on the individual’s personal income tax return, ... Log in to view full article.

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