Sole proprietors are subject to self-employment taxes on net income from their sole proprietorships.
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Q2: Entities taxed as partnerships can use special
Q3: Tax rules require that entities be classified
Q4: S corporation shareholders are legally responsible for
Q5: C corporations and S corporations are separate
Q6: Corporations are legally better suited for taking
Q8: Unincorporated entities with only one individual owner
Q9: S corporations have more restrictive ownership requirements
Q10: Sole proprietorships that are not organized as
Q11: Shareholders of C corporations receiving property distributions
Q12: Limited partnerships are legally formed by filing
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