Choice of Business Entity - Proprietorships
Provider: CeriFi Checkpoint Learning
Taxes
1 CPE Credits
Basic
QAS self study
IRS EA Federal Taxation
A proprietorship is a trade or business owned by one individual. The simplicity with which a sole proprietorship is formed and dissolved is its primary advantage over other business forms; however, it offers no protection to the owner for business liabilities. This course introduces proprietorships by exploring definitions, characteristics, nontax considerations, and tax advantages of operating as a proprietorship.