Phillipa is the sole proprietor of Fun Floral Arrangements.As a sole proprietor,on Fun Floral Arrangements' profits,Phillipa

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As a sole proprietor, Phillipa is not a separate entity from her business, so she reports the business's profits on her personal income tax return and pays personal income taxes on those profits. She does not pay taxes twice, as would happen with a corporation where the business is a separate entity from the owners/shareholders.

Phillipa Is the Sole Proprietor of Fun Floral Arrangements