Businesses | Internal Revenue Service

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Tax information, tools, and resources for businesses and self- employed.

Business Types

Sole Proprietorship
Someone who owns an unincorporated business by themselves.

Partnership
A relationship existing between two or more persons who join to carry on a trade or business.

International Business
Foreign businesses with activities in the U.S. or domestic businesses with activities outside the U.S.

Corporation
A legal entity that is separate and distinct from its owners.

S Corporation
Corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.

Limited Liability Company or LLC
A corporate structure whereby the members of the company cannot be held personally liable for the company’s debts or liabilities.