The Impact of Legal Form on Tax Liability of Economic Entities

State Violeta () and Tãnase Loredana Cristina
Additional contact information
State Violeta: Valahia University of Targoviste
Tãnase Loredana Cristina: Valahia University of Targoviste

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 1, 363-367

Abstract: The issue addressed in this paper is a starting point "dilemma" of entrepreneurs who are just starting out on choosing the legal form of business organization. To see which form of organization is the right destination for small business, the entrepreneur must know the "advantages" and "disadvantages" of each type of economic entity from the point of view of the costs involved in the establishment of business, but especially for its performance, subject to the application of accounting regulations and tax (taxes and fees payable). The scientific approach consists of a theoretical approach to the issue mentioned, supported by applied research, comparative research on the subject of individual enterprise (IE) and limited liability company (LLC), the easiest legal forms of organization for business entrepreneur. The objective of our scientific approach is to give potential entrepreneurs a clear and comprehensive overview of "facilities" offered by the two types of business entities.

Keywords: limited liability company; individual enterprise; microenterprise; annually net income; tax. (search for similar items in EconPapers)
JEL-codes: H22 M41 (search for similar items in EconPapers)
Date: 2015
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://stec.univ-ovidius.ro/html/anale/RO/2015/ANA ... ssue_1_pt%20site.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xv:y:2015:i:1:p:363-367

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().