Tagged Questions

1
vote
1answer
59 views

TIN to use on W9 when Single Member LLC/Disregarded entity

I own a state-classified LLC company and also have an EIN for the business, which was filed on an SS-4 form (Rev. December 2001) as a Type "Other" and noted "disregarded entity". On the SS-4 form the ...
3
votes
2answers
142 views

Accounting method for software business

I'm nearly complete and preparing to launch my business. However, I've noticed that taxes aren't as simple as everyone makes them out to be. I'm mostly confused about cash vs accrual accounting for my ...
3
votes
3answers
167 views

Online sales and startup

What is the best way to go about getting more profit and paying less tax when it comes to selling something strictly online? Say I have a dual citizenship, to Canada and Mexico. And I do all my work ...
1
vote
2answers
190 views

I'm an English man living in Germany, where should I register my business?

I suppose this question would be useful to anyone who is natively from one country but living in another setting up a business. I'm an English man currently with a business bank account and sole ...
4
votes
1answer
78 views

Authorizing family to purchase supplies for my sole-proprietorship

I've registered myself as a sole-proprietor business in Ontario, Canada. My common-law partner often helps me with organization and other tasks. I want her to be legally able to purchase supplies ...
1
vote
1answer
239 views

Do you pay self-employment taxes as an S-Corp?

I worked as a consultent for a number of years, just doing regular old programming gigs. While I was doing this I did my taxes as a sole-proprietorship. I had to pay marginal tax and self-employment ...
12
votes
5answers
566 views

Sole Proprietorship vs LLC

From what I read there are two basic types of business recommended for a single person business (in the US): Sole Proprietorship LLC My wife is looking to start a business for blogging/selling ...
1
vote
0answers
126 views

Switching from a Canadian corporation to a Canadian sole-proprietorship

I currently run a Canadian Corporation, but I'm finding taxes (both accounting fees and bookkeeping) a real pain and expense. I would like to keep the corporation and basically find out how to file a ...