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Originally Posted by Greenguy
Is that what he meant? Inc = Incorporated?
Oh for the love of 
Let's see...just off the top of my head, I formed an S Corp because of the numerous tax breaks & retirement/pension options and the fact that if the company is sued, I will not loose my personal assets.
And my business address is my home address, so if I was hiding from someone, I think that my basement would have been a poor choice for the corporate offices  |
Protecting personal assets is a legit reason but tax breaks, what tax breaks, you have to pay your normal income tax plus franchise taxes. retirement and pension plans can be offered by any company wether you are a corporation or not. if you don't a lot of assets you could have easily been sole proprieter.
Also Greenguy you should know that if you don't follow corporate formalities you can be held personally liable. off course I am sure you know that already.