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Level 1

How to change the setting from corporation to sole proprietorship.

 
3 Comments
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Community Champion

How to change the setting from corporation to sole proprietorship.

Click on the Gear icon. Company Settings>Tax Form. If you see no choices click on the pencil icon on far right.  Choose proper classification from the dropdown. Save

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Level 1

How to change the setting from corporation to sole proprietorship.

Which version of QB is that in?  I'm using QB Self-Employed but I don't see that setting.  I'm wondering if I should be using a different version instead.  I need to set up Schedule F for farming.

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Moderator

How to change the setting from corporation to sole proprietorship.

Hi there, @Sydney62,

 

 

The steps provided by John-pero works for QuickBooks Online accounts. The Self-Employed version doesn't have this functionality as it is tailored for sole proprietors and 1099 contractors.

 

There isn't a need to switch your business type if you are operating the business alone. However, if you already expanded your business, you may opt to upgrade your account to QuickBooks Online.

 

This product provide complex accounting and reporting to keep track of how your business is doing. Check out this link to learn more about our online products: Compare QuickBooks Online Plans.

 

If you have any questions about our products and services, leave a comment below. I'm here to help you succeed in QuickBooks. Have a wonderful day!

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