Which form of legal entity is the easiest to understand from the viewpoint of tax issues?

Question

Quizplus · Accepted Answer

Sole proprietorship is the easiest to understand from the viewpoint of tax issues because it is not a separate legal entity from the owner. This means that the owner is personally liable for all debts and taxes of the business. As a result, the owner's personal income tax return is used to report the business's income and expenses.

Which Form of Legal Entity Is the Easiest to Understand