In this blog, we are sharing the answers to four of the most commonly asked questions the PA Business OneStop Shop receives about business registration. Business Personal Property Tax is a tax assessed on tangible personal property businesses own.This video will demonstrate the process to apply for Pennsylvania business taxes. Tangible personal property tax exemptions for small businesses is a highly economical way of reducing taxpayer compliance burdens. How to file and pay. LLC members are subject to personal income tax if they elect to file as a partnership or PA S corporation with the Internal. These states exempt intangible assets such as software, licenses, trademarks, and patents. This is a result of 2023 Wisconsin Act 12 (pdf). A sole proprietorship is one of the easiest businesses to form in the state of Pennsylvania.