2006-07-10 01:17:15 · 9 answers · asked by nothimagain 1 in Business & Finance ➔ Corporations
If you have to ask, you probably shouldn't.
It's for sure you shouldn't without proper legal council and he will explain it all to you.
2006-07-10 01:20:50 · answer #1 · answered by Anonymous · 0⤊ 1⤋
To limit liability. For better ease of transfer. To gain better access to credit and investors. To separate business and personal assets. For tax advantages. To continue the business and have a smooth transition when you die.
2006-07-10 04:07:22 · answer #2 · answered by teenriodoll 3 · 0⤊ 0⤋
I have an S-corp. Pay myself a small salary and take money w/ dividends, taxes are less and you don't pay as much s.s. taxes, You
can deduct expenses, office equipmen/supplies,ect, just talk with you CPA, good luck
2006-07-10 01:28:39 · answer #3 · answered by henry b 3 · 0⤊ 0⤋
To pay Tax to the Government properly...
2006-07-10 01:21:04 · answer #4 · answered by Zia 3 · 0⤊ 0⤋
Tax advantages!
2006-07-10 01:39:24 · answer #5 · answered by JobYouDeserve.com 2 · 0⤊ 0⤋
For one reason, to protect your personal assets in case of business failure.
2006-07-10 01:21:34 · answer #6 · answered by Anonymous · 0⤊ 0⤋
you might not want to. go to the small business adminisrtation and do some research
2006-07-10 01:41:08 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Maybe you shouldn't. Maybe you should just make it an LLC. Do you plan to sell stock?
2006-07-10 01:21:07 · answer #8 · answered by goose1077 4 · 0⤊ 0⤋
Do'nt do it. Work for cash. Stay away from IRS.
2006-07-10 02:02:14 · answer #9 · answered by apm2006 3 · 0⤊ 0⤋