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For tax purposes, sole proprietorships: are not taxed, and the owner is not taxed on their distribution. are pass-through entities. pay taxes on the income
For tax purposes, sole proprietorships: are not taxed, and the owner is not taxed on their distribution. are pass-through entities. pay taxes on the income of the business, and the owner is taxed on their distribution. pay taxes on their own income, but the owner is not taxed on their distribution
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
