What is the difference between being proprietors of a small business or partners in a small business ?

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sole-proprietor type of ownership, simplist set up. easiest tax return, reports on schedule c return. partnership requires partnership agreement partners duties , % of ownership etc. uses different type of tax return. should speak cpa determine best situation if not sure.

when setting small business bank asking whether going proprietors or partners of business can tell me difference please


Business & Finance Small Business Next



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