Pittsburgh Start-Up or Small Business Sole Proprietors
Selecting a Sole Proprietorship as your Tax Entity?
Need Sole Proprietorship Business Tax Returns Prepared or Tax Planning Guidance?
Lean on the Experience of an Award Winning Greater Pittsburgh CPA Firm, your local experts in Sole Proprietorship Business Entity Taxation.
Most small businesses operate as sole proprietorships. This is the simplest form of organization and allows the single owner to have sole control and responsibility. Some advantages of the sole proprietorship are less paperwork, a minimum of restrictions, owner retention of all the profits, and ease in discontinuing the business.
Disadvantages include unlimited personal liability for all debts and liabilities of the business, limited ability to raise capital, and termination of the business upon the owner’s death.
You should note that a small business owner might very well select the sole proprietorship at the beginning. Later, if the owner succeeds and feels the need, he or she may decide to form a partnership or corporation.
Dennis Piper & Associates Provides Business Consulting, Tax Planning and Tax Return Preparation for Start-Ups and Small to Medium Businesses
- Business Start-Up Consulting: Lean on our expertise as you choose your business entity, tax structure, and accounting, business and management software. We will help you with everything to get your business up and operational.
- Small to Medium Businesses: Have you outgrown your existing accounting and tax service provider? We provide auditing services, as well as complex tax and business consulting.