Feb 10, 2022
There are several benefits and more expenses to deduct as a corporation that cannot be apply to a small business known as sole Proprietorships.
Corporations allows shareholders the benefit of separating personal assets from business assets, therefore, suits for negligence and/or errors will stop on the assets of the business.
Furthermore, expenses such as life and health insurance can also be deductible, under the employment of a Keyman, which in most cases is the major shareholder or president of the corporation.
Call for a 15-minute free business consulting to (818) 554-3762 and learn about the requirements needed to incorporate.
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