Re: Declaring Yourself a Corporation for Tax Purposes
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arent you going to pay double taxes as a corp? the income is taxed at the corp level, then taxed when you withdrawal it from the corp as personal income, etc.
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No, sub-chapter S corporations and limited liability corps (ie, most small businesses) generally allow the owner to avoid double taxation. That said, I don't see how you'd hope to take any sort of tax advantage by incorporating yourself. Tell me if I'm missing something.
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