And here's where one (I) could argue that if one operates as a sole proprietor they avoid all those s-corp forms. :-) I operated as an s-corp once: what a pain. That was before LLCs. I might choose that myself if I felt compelled to change from sole proprietor.
I know that the conventional wisdom is that one is "too unprotected" if a sole proprietor, but as William noted, if someone can pierce the corporate veil, then the LLC or s-corp protection won't avail much, it seems. But otherwise, I do business like everyone else here has discussed (paying taxes on my income, as a schedule C on my personal taxes, having business insurance, having a business bank account, etc. Just saying it's another option. As others have said, weigh them all carefully. /charlie From: [email protected] [mailto:[email protected]] On Behalf Of Peyton Todd Sent: Wednesday, February 22, 2012 10:47 AM To: [email protected] Subject: Re: [ACFUG Discuss] incorporation advice Just to add my two cents: Be SURE to get a professional to do your taxes. I was (am still) an S-Corp, and years ago when I was programming steadily, I experienced no end of grief figuring out all the tax forms, and remembering to file every stinking form on time! Peyton ------------------------------------------------------------- To unsubscribe from this list, manage your profile @ http://www.acfug.org?fa=login.edituserform For more info, see http://www.acfug.org/mailinglists Archive @ http://www.mail-archive.com/discussion%40acfug.org/ List hosted by http://www.fusionlink.com -------------------------------------------------------------
