Quote:
Originally posted by pood
hmm, what would the PRO of incorporating?
wouldn't you be doubled taxed?
ie. getting taxed for your corp then getting taxed again personally.
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Linkster is right, there are many good reasons to incorporate. While you are working on your social you are paying taxes on every dime.
I have an "S" corp and while I do pay personal income tax as well as corporate tax, the two combined do not come near what they would be as a sole propieter.
Find a good tax person that can explain it to you. It is worth the time and effort.