Hi,
I am new here andI just want to say I have learned more than I ever knew just by reading these boards, so thank you all!
I want to start a business so I can sell to any refiner I want.I am concerned how these sales will be taxed, what documentation I need to keep, etc.
I know an LLC protects your personal assests. Do any of you have experiences, tips, &/or advice to share about advantages and disadvantages of having a corporation, sole proprietership, or any other type of business entity? Especially concerning taxes, but any info that may be useful would be awesome.
Thanks!
I am new here andI just want to say I have learned more than I ever knew just by reading these boards, so thank you all!
I want to start a business so I can sell to any refiner I want.I am concerned how these sales will be taxed, what documentation I need to keep, etc.
I know an LLC protects your personal assests. Do any of you have experiences, tips, &/or advice to share about advantages and disadvantages of having a corporation, sole proprietership, or any other type of business entity? Especially concerning taxes, but any info that may be useful would be awesome.
Thanks!