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Why Incorporate?

    Forming a corporation is a big step toward your success and the success of your business. Our guide will define the importance of Incorporating, but we don't stop there! We will teach you some advanced strategies so that you can use your Corporation to it's fullest potential.

    Chances are you've considered the key benefits to incorporating your business:
     

    • Protecting your personal assets through liability protection
    • Saving money on your taxes
    • Reducing your chance of an audit
    • Establishing credibility with your customers

 WHAT'S INCLUDED

Reduce Your Chance of Tax Audit

Sole proprietors tend to be more likely to file incorrect returns (many are self-prepared), and tend to underreport revenue or over report deductions.

For these reasons, the IRS has audited a much higher percentage of sole proprietor tax filings than corporate filings in recent years.

In tax year 2005, a Schedule C filer stood a one in 33 chance of being audited. For S-corporations (or LLC's filing as partnerships), the odds were around one in 300.

This means that you are almost ten times more likely to be audited if you are a sole proprietor!