You run your business as a sole proprietor?
That means you have no asset protection - and you can only take
advantage of about 25% of the tax code.
S Corp or LLC allows you both asset protection and tax breaks.
Marlon, spend the $1000 to have a corporate attorney get you
incorporated and get your assets allocated correctly.
One lawsuit and you lose everything - personal and business.
Regards,
Peter
Marlon K. Schafer (509) 982-2181 wrote:
We're a sole proprietor so all of the gas runs under the same bill. I
filled the boat up once. Melissa drives a Suburban to work (4 miles
or so) and we usually take that on out of town trips (much safer than
the car) and I did fill up two Jerry cans for the dirt bikes.
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