First go buy the book “Inc Yourself” it’s on Amazon.
Another good reason to incorporate is that the paperwork between two corporations is the simplest if most of your clients are themselves, corporations. With an LLC, any work that you bill to a corporate client will require that corporation to issue you a 1099 form at the end of the year. Many corporations prefer to pay another corporation and not an LLC for this reason (there is cost involved in generating the 1099, and a paper trail)….if you are a corporation, the books are cleaner and your corporation is completely liable for paying the taxes….the corporation you bill holds no liability. Since most of my clients are corporations, they prefer this.
An LLC is a little simpler to establish, but being an S-Corp has proven to have advantages to my clients that they prefer.
There are also tax benefits to me as the owner and only shareholder that your accountant, and the book “Inc Yourself” will explain.
Rich Rubasch
Tilt Media Inc.