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Originally Posted by Streyken Still sole proprietor. Generally, here it is wise to think about incorporating at about 60-70K, but that can depend on expenditures. I like to buy lots of things for the tree and online businesses, so I have lots of legal write offs; that is why I'm still sole proprietor. My accountant and lawyer both said that going incorporated doesn't necessarily limit personal liability, depending on circumstance, and that there is lots of case law to prove this. So I do what is tax wise, but talk to an accountant and a lawyer. |
that's what i do too,i'm lucky my dad is a lawyer and i've learned nothin' like a one man band!