Incorporate Your Blog, Website, Writing Business in United States in 2009 - I'm going to experience tax savings...
I had the best visit with my dad recently -- a tax accountant with a wealth of knowledge about the advantages of small business incorporation. Once I shared with Daddy just how much my online writing business is being blessed by God, he told me about the financial advantages of turning the blog / writing / website / webmaster -- whatever you call this I do -- into an LLC, LLP or some other entity: Limits on liability in the unlikely (I pray) event of law suits Building up Social Security wage credits Drawing down a salary -- that, if you do it correctly, I'm reading around the net that it can save you on taxes -- although the personal 2008 tax rates look comparable to the corporate tax rates I've found online But I've got a lot of research to do. I want to incorporate my blogging business myself -- so I'm starting with the government's website for United States incorporation rules state by state. Some people say it's best to incorporate in Delaware because it...