Sole Proprietor
You are the sole owner of a business that is not incorporated. You may have employees but you yourself do not get paid a salary with traditional deductions. You withdraw cash as you need (assuming you make enough money to pay yourself!).
One-person LLC’s are the equivalent of sole proprietors for tax purposes. Consultants (unless paid as employees) and independent contractors? You too.
One-person LLC’s are the equivalent of sole proprietors for tax purposes. Consultants (unless paid as employees) and independent contractors? You too.
