Sole Proprietorship vs S Corp: Which Is Right for You?

A sole proprietorship is the simplest way to be self-employed: no formal setup, and all of your business income on your personal tax return. An S Corp, by contrast, is a tax election that can lower your self-employment tax once your profit is steady, but it requires a legal entity, payroll and more paperwork. In […] The post Sole Proprietorship vs S Corp: Which Is Right for You?