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Individuals who are sole proprietors or who have formed single-member LLCs report business income on Schedule C of Form 1040. U se the IRS website

Individuals who are sole proprietors or who have formed single-member LLCs report business income on Schedule C of Form 1040.  Use the IRS website as your source of research and provide us with information as to why sole proprietors would benefit from organizing their businesses as single-member LLCs.  Please let us know if there are any disadvantages to this form of business organization.

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