Gleaning the Tax Burden When You Own the Shop

In the New York Times, February 10, 2008, Benjamin Tobias was quoted in the article Gleaning the Tax Burden When You Own the Shop by Conrad De Aenlle.  Individuals starting their own business must determine the tax status of their venture, i.e. whether to be a sole proprietorship or a corporation.  Ben, with considerable experience running a business, remarked that aside from the tax decision, “Somebody just starting out should have a business plan, but most do not.”

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