{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Class 4 Sole Props

Class 4 Sole Props - OnlineLectureSeries...

Info icon This preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Sole Proprietorships Taxation of the Business Entity Online Lecture Series Presented by Akore Berliner, CPA
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Sole Proprietorship Default “Entity” for 1 person Self Employed Individual Not a formal entity – Default Status for a sole person  operating an unincorporated entity – Files Schedule C of form 1040
Image of page 2
Self Employed or Employee?
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
NOT  Subject to will and  control  of another  with respect to what shall be done and how  it shall be done Furnishes  their own  tools or place of work Income based on task performed  NOT  time  spent (invoiced) Self Employed Defined
Image of page 4
Subject  to will and control  of another  with respect to what shall be done  and how it shall be done Another furnishes tools or the place of  work Income based on time spent rather  than task performed Employee Defined
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Business or Hobby?
Image of page 6
Hobby or a Business?
Image of page 7

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern