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| *Ostroff, Fair and Company>>>Corporations |
What does it mean when an application asks "What type of entity are you?"? |
It gives me the choices -Individual -Sole Proprietorship -LLC -Partnership -Other -LLP -Corporation -Foreign -Non-profit That is really weird and I've never seen it before. I don't have a job so I don't know what I should answer. Please help. Individual. Individual but what kind of application are you talking about? You're a "person", so mark "individual". The application wants to know if you're a person or a business, and if you're a business, what kind? You have to be licensed with the state to be any of the others. If that's what you want, wouldn't it be better for you to work in a vet's clinic as an employee? There are tax implications if you choose to do business as either a self-employed individual or as a sole-proprietor, leave alone the requirements to keep proper accounting records, and I'm not sure you know what to do, no offence meant. individual |
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