It Can Happen To You: Why Any Sole Proprietorship Is A Risky Business
Author: Make My Life Less Taxing
Are you still operating your business as a Sole Proprietorship?
Have you considered incorporating your small business or self-employment activity?
The tax advantages can put thousands of dollars in your pocket every year.
But the Number One reason to consider incorporating has nothing to do with tax reduction and everything to do with asset protection.
Here's a story to help you decide whether forming a corporation is worth it.
A few years ago, one of my clients, let's call him Jim, decided it was time to stop working for someone else and start working for himself.
Jim was a plumber, and a darn good one. He's fixed my toilet on...
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