Local Tax Attorney

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LOCAL TAX ATTORNEY
B A L M S A B O G A D O S
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About Us
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 aim of achieving a higher
level of excellence. Our relationship with our
clients is built upon quality services and
mutual trust. Join hands with us today for our
dedication and expertise.
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Types of Business Entities And Their Tax
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 in Spain. 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 tax
implications.
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Types of Business Entities
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.
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Sole Proprietorship
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 freelance
consultants. Corporate Form of Business 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 limited liability.
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ADDRESS C /. Generalife, 9. Aloha Pueblo29660
Marbella (España-Spain)
GET IN TOUCH
PHONE NUMBER 34 952 812 100
WEBSITE https//www.balms.es/en
EMAIL balms.marbella_at_balms.com