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.
Let us help you make the right choice. We are friendly and very understanding and we'll patiently guide you through the process.
BOOKKEEPING EXPERTS CO(Juanita Bay Office Center) 9757 NE Juanita Drive Kirkland, WA 98034