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Local Tax Attorney

Each business has a different process of paying taxes and can affect the profits of a business. All the corporate form of business is obliged to pay a corporation tax in Spain. Understanding tax implications for each business type requires expert advice; it is always a good idea to hire a local tax attorney

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Local Tax Attorney

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  1. LOCAL TAX ATTORNEY B A LMS ABOGADOS

  2. AboutUs Founded in 1989, Balms Abogados is a leading name for the legal services. We take pride in extending our expertise for every legal service. You can also rely on us for a comprehensive consulting service, managing all paperwork along with accounting processes. We also have a specialized section for foreign formalities, handling documents, and other legal matters. We believe in the philosophy of promoting training and teamwork with the aimof achieving a higher level of excellence. Our relationship withour clients is built upon quality services and mutual trust. Join hands with us today for our dedication andexpertise.

  3. Types of Business Entities And TheirTax Implications It would be difficult to find the tax implications for a business without knowing its business type. In general terms, a businessman is considered to be the sole owner of his firm. But it is not true. A business does not merely mean someone owning it and making a profit. Rather a business entity has wider meaning when it comes to doing business inSpain. Understanding tax implications for each business type requires expert advice; it is always a good idea to hire a local tax attorney. Keep reading below to find the types of business entities and their taximplications.

  4. Types of BusinessEntities Choosing a business type is an important decision. It can affect the factory costs, indirect expenses, and overall margin of a business. Every country has its own set of standards for forming a business entity under some legal restrictions. Depending on the ownership of a business, there are five major types of business entities in Spain.

  5. SoleProprietorship Under a sole proprietorship, the business entity and owner are considered to be the same. An owner is liable for all the actions/debts of the business. A sole proprietor is solely responsible for all the profits and losses of the business. Examples of a sole proprietorship are freelance tutors, shop owners, and freelanceconsultants. Corporate Form ofBusiness A corporate form of business organization is an association of people who have been authorized to conduct a business. By law, a company form of business has its own separate legal entity. The owners and the company are two different things. In case of any dispute or liability, a company is sued but not its owners. Each member of the company has limitedliability.

  6. ADDRESS C /. Generalife, 9. Aloha Pueblo29660 Marbella (España-Spain) GET IN TOUCH PHONE NUMBER +34 952 812100 WEBSITE https://www.balms.es/en EMAIL balms.marbella@balms.com

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