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Top Questions and Answers
Role of Schedule C in filing sole proprietorship taxes In the case of a sole proprietorship, you declare your profit and loss on Schedule C of Form 1040. But, to file Schedule C, you'll have to qualify first. The conditions to qualify are: Your goal is to engage in business activity for income and profit.
Video Guide to Download As Text Legal California Startup For Sole Proprietorship Forms For Free
Hey this is attorney Elizabeth potts-weinstein and today we're going to talk about how to set up a sole proprietorship in California now what a sole proprietorship is it is the legal entity that you have if you are one person and you're starting a business and you don't set up anything else so you don't set up an LLC
Or Corporation and you're not in business with another person where the default will be a partnership there is an exception if you're legally married to the other person you're business with if you're legally married to that person and you're filing joint on your taxes then it's kind of like you have a sole proprietorship because it's just going
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