I couldn't find another thread on this subject through the search.
I am well aware of the advantages that corporations offer:
- lower tax bracket
- write off expenses before taxes
- legal protection
I am have been setting up my first IM launch and it seems to be gearing up well. However its not worth it to set up a corporation unless I'm making $20,000+ this year. With this business it seems hard to predict weather or not I will hit that because there are so many unknowns with IM.
What are your thoughts? Have you guys incorporated or are you just sole proprietors?
Thanks for your time!