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City of Philadelphia Local Business Entity Form

City of Philadelphia Local Business Entity Form

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if you're starting a business in the united states you have several different types of business entities you can choose from if you're by yourself and meaning you don't have any other investors it's just you starting the company and you don't create an llc in your state you don't file articles of incorporation to create a corporation then you are a sole proprietor okay you have a sole proprietorship even if you haven't filed any paperwork or anything like that if you start a business you're selling products or providing services and you don't have an llc you're not incorporated you're by yourself your sole proprietor so if you're a sole proprietor then what you're going to do is you're going to track the the profit of your business you're going to file it on this thing called schedule c which is going to be filed along with your 1040 so your personal income tax return

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