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California Taxes

Sole-Proprietorship - Stanza Tax Services

“Navigating Sole Proprietorship in California: A Compact Guide”

Sole Proprietorship is the simplest form of business that you can operate in California. This structure involves a single person, the sole proprietor, owning and managing the business. Unlike corporations or LLCs, a sole proprietorship is not a separate legal entity. This means the owner is personally liable for all business debts and liabilities.

Net Operating Loss

Net Operating Loss Suspension California Assembly Bill 85 (AB 85) includes provisions to suspend the use of NOL deductions. For.

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