Diva recently graduated with a degree in design and is eager to start up a business that creates and sells high-quality widgets.She has big dreams, but she also realizes that it will take a few years to establish her reputation and locate buyers.In the meantime, she is anxious to set up her business in a way that minimizes costs and maximizes profits.In that regard, she wants your advice about business models and taxes.More specifically, she wants you to explain how her business will be taxed if she carries on by herself (as a sole proprietor) or if she incorporates a company for that purpose.

Question

Quizplus · Accepted Answer

The Answer of Diva recently graduated with a degree in design and is eager to start up a business that creates and sells high-quality widgets.She has big dreams, but she also realizes that it will take a few years to establish her reputation and locate buyers.In the meantime, she is anxious to set up her business in a way that minimizes costs and maximizes profits.In that regard, she wants your advice about business models and taxes.More specifically, she wants you to explain how her business will be taxed if she carries on by herself (as a sole proprietor) or if she incorporates a company for that purpose.

Diva Recently Graduated with a Degree in Design and Is