Ownership. A Sole-Proprietorships has one owner while S-Corporations may have up to 100 owners (called "shareholders").
Personal Liability. The owner of a Sole-Proprietorship has unlimited personal liability for the obligations of the business while the shareholder of an S-Corporations generally has no personal liability for the obligations of the corporation.
Payroll Taxes. A sole proprietor pays payroll taxes on his whole net income, while a shareholder in a S-Corporation pays payroll taxes only on salary, but not on the part of net income distributed as dividends.
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BOOKKEEPING EXPERTS CO(Juanita Bay Office Center) 9757 NE Juanita Drive Kirkland, WA 98034
