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Profit & Loss Template

Which Documents should I bring?

Sole Propriotorship

A single-owner business where the owner is personally liable for all debts and obligations.
Documents to bring:
• 1099-NEC form reported under your name

Partnership

A business owned by two or more people who share profits, losses, and liabilities.
Documents to bring:
• 1099-NEC form reported under your name
• CA Statement of Information
• IRS Letter containing business EIN

Single-Member LLC

A one-owner business with liability protection and pass-through taxation.
Documents to bring:
• CA Statement of Information
• IRS Letter Containing Business EIN

Multi-Member LLC

A multi-owner business with liability protection and pass-through taxation.
Documents to bring:
• CA Statement of Information
• IRS Letter Containing Business EIN

S Corp

A corporation with pass-through taxation and liability protection for shareholders.
Documents to bring:
• CA Statement of Information
• IRS Letter Containing Business EIN

C Corp

A separately taxed corporation with strong liability protection, ideal for large businesses.
Documents to bring:
• CA Statement of Information
• IRS Letter Containing Business EIN