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The Impact of Legal Form on Tax Liability of Economic Entities

Author

Listed:
  • State Violeta

    (Valahia University of Targoviste)

  • Tãnase Loredana Cristina

    (Valahia University of Targoviste)

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.

Suggested Citation

  • State Violeta & Tãnase Loredana Cristina, 2015. "The Impact of Legal Form on Tax Liability of Economic Entities," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 363-367, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:1:p:363-367
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    More about this item

    Keywords

    limited liability company; individual enterprise; microenterprise; annually net income; tax.;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence

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