facts that a proprietorship, as a business, pays no corporate income tax, and that it is easily and inexpensively formed, are two key advantages to that form of business.

Question

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Proprietorship is not considered a separate entity from its owner, so it is not subject to corporate income tax. Additionally, it is easy and inexpensive to start because no legal formalities need to be followed.

Facts That a Proprietorship, as a Business, Pays No Corporate