![]() ![]() In most cases, a solo business owner doesn’t even have to file paperwork with their state to start a sole proprietorship – it’s the default structure for an unincorporated business with only one owner. The default structure for a solopreneur is a sole proprietorship. Here’s a quick rundown of the tax forms required for different types of businesses. The form you use depends on how your business is structured. There’s not even a standard tax form for all small business owners. This guide can help greenhorn small business owners who want to take advantage of tax-saving strategies. We’ve prepared the following guide about how to file small business taxes. ![]() Fortunately, you don’t have to become a tax law expert or live in fear of IRS auditors knocking at your door. If you are one of the thousands embarking on the journey of owning a small business, then congratulations! Launching your own small business is exciting, but it also comes with some serious responsibilities: filing a small business tax return. Each year, roughly 400,000 new business owners take the leap to fulfill unmet needs they recognize in the market, become their boss, or build an empire. ![]()
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December 2022
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