4 ms·
Not usually. Wholly owned proprietorships are treated just as the individual would be for tax (not liability) purposes I believe. NOT a lawyer.
by Nomentatus 9y ago
Not usually. Wholly owned proprietorships are treated just as the individual would be for tax (not liability) purposes I believe. NOT a lawyer.
- cimmanom 9y agoAlso not a lawyer, but: in the US you can create an LLC that is treated as a pass-through entity for tax purposes, but not other corporate structures (B-corp, C-corp, S-corp, LLP).