Business Entity Comparison Chart
Entity Accounting and Recordkeeping Fringe Benefits Liability Sole proprietor, singlemember LLC, and husband/ wife business • Schedule C (Form 1040), Profit or Loss From Business• Schedule F (Form 1040), Profit or Loss From Farming• Schedule SE (Form 1040), Self-Employment Tax• IRS Pub. 334, Tax Guide for Small Business• Accounting is less involved than partnerships and […]