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-   -   Incorporate or not (https://www.askmehelpdesk.com/showthread.php?t=122817)

  • Aug 25, 2007, 04:01 PM
    glavine
    Incorporate or not
    Hey, Ive been giving some thought to incorporating my small business or Nichols Trim and Carpentry. We've been in business for over 10yrs and have grown a lot here in the last 3.
    Before most of our work consisted of just word of mouth but has now grown to the point that I have contracts with large companys that pay us well. I worried Im making too much money and Ill end up with a large tax bill at the end of the year.
    So my question is should I incorportate or not? Are there more advantages that disadvantages? Thanks Eric
  • Aug 26, 2007, 02:33 PM
    AtlantaTaxExpert
    Eric:

    I would incorporate as a sub-chapter S corporation.

    There are ALL KINDS of advantages with incorporation. Taxes is only a part of the picture.

    Contact an attorney and a CPA to discuss ALL of the incorporation issues.
  • Aug 26, 2007, 02:35 PM
    glavine
    Thank you for your response, I have plans to Monday, thanks again
  • Aug 26, 2007, 02:43 PM
    AtlantaTaxExpert
    Glad to help!

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