LLC Vs Sole Proprietor: Which is better for your business? - Choctaw Nation Small Business Development

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1. What is a Sole Proprietor?*

2. All the earnings that a sole proprietorship has made is __% entitled to the owner and should be paid out.*

3. There is not a separate business tax return for sole proprietorship.*

4. To complete a Schedule C, you would not need...*

5. Sole Proprietors pay self-employment taxes when income is over.*

6. LLC stands for...*

7. If you are one person who owns an LLC and you don’t make any tax elections the IRS considers your LLC...*

8. The pro of having an LLC is.*

9. An LLC owner is called a...*

10. Who is the speaker for this video?*