I want to have my own business and it would be a sole proprietorship. I know that some corporations are taxed two times. Does it happen in sole proprietorship?
Is double taxation possible in sole proprietorship?
- Posted:
- 3+ months ago by KatherinE...
- Topics:
- double, business, sole, time, corporation
Details:
Responses (1)
*** If the business for resale: You buy the merchandise with and sale exemption letter. After the sales for either for 3, 6, 9, or 12 months then you pay sales tax on the amount you sold the merchandise for.
** If you have a business for service you do not pay sales tax, for service.
I hope this is helpful.