Legal Corner


-List Your Site Here! -- Targeted Advertising For Just Pennies A Day! -Tell A Friend - Bookmark This Page

LegalCornerTM - Starting a Business F.A.Q.'s

Find A Lawyer
Law Area:
 

State:
 

 
Search

Search:

Search By:

--Back

Q.Does incorporating a small business offer any tax breaks?

A.Maybe yes and maybe no. Most tax benefits flow to profitable, established corporations, not to start-ups. Corporations do have the ability to split income between a corporation and its owners such that some income can be kept in lower corporate tax brackets. Corporations can also offer greater medical deductions than sole proprietors or partnerships (100% versus 60%). However, incorporating does add state fees, as well as legal and accounting charges. Unless there are sunstantial profits, there may not be any tax advantages to incorporating.

small business laws, starting a business, start a business, how to start a business, incorporate in California, incorporate a business in California, form a california corporation, incorporate, corporation, how to incoirporate, should I incorporate




Copyright 1999-2018 Melissa C. Marsh. All Rights Reserved. All Information on this website is subject to a Disclaimer and Use Agreement. This information is provided as general information only and should not be construed as legal advice. We advise you to seek the advice of competent legal counsel to address your own specific questions, facts and circumstances.