In Iowa, sole proprietorships are more or less the “basis” format for a business. Sole proprietorships aren’t a legal business entity. It is considered one and the same from the person operating the entity. Because there is no difference between the individual and the business, sole proprietors do not need to file business tax returns. The business’s profits or loses will be on their personal tax returns. As for liability, because there is no difference between you and the business, you are liable for anything the business is, whether it be a contract you make on behalf of the business or any litigation against the business.
November 20, 2024
This article will discuss:
September 5, 2024
In this article, we explain negligent hiring and discuss the law regarding negligent hiring and employer liability in Iowa.Every company will need to hire new employees at some point. The process can be arduous for small and large businesses alike, with many companies turning to recruiters for their hiring needs. Both recruiters and company employees in charge of hiring are responsible for conducting a variety of pre employment investigations, including background checks, verifying professional and personal references, running credit reports, performing drug tests and checking job qualifications.
September 5, 2024
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