Should I incorporate or go with sole proprietorship?
Without making this this too long I would simply like to know whats best for myself and people in my situation in regards to tax savings. I have become jaded with the employee life even though ive done ok I think. I aquired a trade after many years and am consistently making $100,000 a year. I have plateaued income wise and looking to leave the redneck culture that goes with this line of work behind.
As the cliche goes “money isnt everything” so true. I’ve put a plan into motion so that in a few years I can escape the employee life without quitting my day job. As of now in my free time I can expect to make an additional $30,000 a year gross. Back to my question would it be better of to incorporate or go sole proprietorship?
Thanks
As the cliche goes “money isnt everything” so true. I’ve put a plan into motion so that in a few years I can escape the employee life without quitting my day job. As of now in my free time I can expect to make an additional $30,000 a year gross. Back to my question would it be better of to incorporate or go sole proprietorship?
Thanks