A sole proprietorship automatically exists whenever you are engaging in business by and for yourself, without the protection of an LLC, Corporation or Limited Partnership.
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Enter the estimated yearly net income for the business: | $ |
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| Enter the salary you would pay yourself if an S-Corporation: | $ |
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| Calculate | |||||
| Self Employment Taxes paid as a Sole Proprietor with a salary of $0.00: | Taxes Paid $0.00 |
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| Payroll Taxes paid as an S-Corporation with a salary of $0.00:
and a dividend of $0.00: |
Taxes Paid $0.00 |
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| You could save | Tax savings $0.00 |
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Your specific savings may differ from this calculator. Call, email or chat us to discuss your company's particular needs!
