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

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As a sole proprietor, Phillipa is not taxed twice as she and the business are considered the same entity for tax purposes. She will pay personal income taxes on the profits of Incredible Floral Arrangements as the business income is reported on her personal tax return.

Phillipa Is the Sole Proprietor of Incredible Floral Arrangements