Which tax forms you need to file for your business depends on what type of business “entity” your formed. Here is a link to a post on types of business entities. Your business entity is different from your business type or what your business does. They types of business entities are: Sole Proprietorship Partnership Corporation
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If you are starting a business or you already have a business, you will need some sort of income statement. An income statement will help you manage your business by letting you know if you made money or not. It will also let you know how much money you spent to get the income you
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