Does a small business pay more in taxes if it owns more than one location?
So here's the deal. I'm familiar with a business that is a small business that owns 4 locations. They are under the same branding and name and sell the same product but are registered as 4 separate entities. Does this allow them to pay less in taxes? Or do they actually pay more because it's 4 separate businesses and they doesn't allow them to recieve any tax breaks?
- StephenWeinsteinLv 72 months ago
The taxes are about the same. The reason for making them separate entities is liability. By having them as separate entities, if one of them gets sued for a lot of money, the other three are less likely to have to pay.
- Wayne ZLv 72 months ago
Income taxes are base on the amount of profit whether you have one location, four locations or hundreds of locations.
- Anonymous2 months ago
Slightly more taxes for extra license fees for the extra locations.