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Top Questions and Answers
The only thing you must do to start a Sole Proprietorship in Wyoming is simply decide to start. Again, just by taking actions that may lead to making money means that you're now a Sole Proprietor. You don't have to file a document to ?form? your Sole Proprietorship with the state.
Video Guide to Download As Word Legal Wyoming Startup For Sole Proprietorship Forms For Free
So you took my advice and when you started your business you formed a an LLC taxed as an S corporation Most states that's how it works California a little different now how do you get money out of your company see you now have two different roles you are both an employee and you're an owner so an employee
Gets salary so you're going to pay some salary to yourself from your S corporation but you're also an owner an owner gets a distribution now what's the significance for tax purposes salaries are subject to Social Security taxes distributions are not so any amount you can justify as a distribution no 15.3 percent 16.2 percent Social Security taxes on
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