D
DeletedUser394
Guest
I'm leaning towards just incorporating now, because my end game involves incorporating anyway.
From the research I've done so far, it seems it'll be around $1,000 to incorporate and file all the forms, etc which is reasonable.
I'm having a hard time finding out what the yearly maintenance/filing costs are, but assuming it's sub $1,000 or thereabouts then I may as well just incorporate now.
As it stands, I have a sole proprietorship operating at a profit (nothing crazy, no millions yet haha). The problem with this is that I have all the liability and profits are treated as income on my tax return.
I'll be in university for the next few years (2014-2018) (for free) so my expenses will be quite low, and I want to incorporate so that I pay myself below the basic personal amount (to avoid personal income taxes) among other things. My corporate tax rate will be around 11%.
Just curious at what point y'all incorporated (if at all) your business, and how much it costs you in filing fees/legal fees per year?
I know the fees vary but my operation is pretty simple and straightforward at this point.
Gracias
From the research I've done so far, it seems it'll be around $1,000 to incorporate and file all the forms, etc which is reasonable.
I'm having a hard time finding out what the yearly maintenance/filing costs are, but assuming it's sub $1,000 or thereabouts then I may as well just incorporate now.
As it stands, I have a sole proprietorship operating at a profit (nothing crazy, no millions yet haha). The problem with this is that I have all the liability and profits are treated as income on my tax return.
I'll be in university for the next few years (2014-2018) (for free) so my expenses will be quite low, and I want to incorporate so that I pay myself below the basic personal amount (to avoid personal income taxes) among other things. My corporate tax rate will be around 11%.
Just curious at what point y'all incorporated (if at all) your business, and how much it costs you in filing fees/legal fees per year?
I know the fees vary but my operation is pretty simple and straightforward at this point.
Gracias
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