WHY YOU SHOULD INCORPORATE1. A Corporation protects the owners from lawsuits when the business is being sued.
2. The Corporation is taxed on business profit, not the owners.
3. Only 15% Corporate Tax on the first $50,000 of income.
4. Corporation
pays its own taxes after deductions. All for profit corporations are
taxed as C Corporations by default. As sole proprietorship, all income
flows through the owner.