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Re^2: Should a consultant incorporate (and how)?

by amarquis (Curate)
on Jan 15, 2009 at 19:37 UTC ( #736653=note: print w/ replies, xml ) Need Help??


in reply to Re: Should a consultant incorporate (and how)?
in thread Should a consultant incorporate (and how)?

I think that separation is one of the hidden benefits of incorporation over sole proprietorships: It absolutely forces you to think of the business and your personal finances independently. A lot of trouble can occur when that line gets blurred.

As to the CPA question: you don't just need one, you want one. S/he will be offering you a lot more than bean counting. You get the advice you need to take advantage of the tax advantages of your configuration in a legal way, and its also an experienced set of eyes looking over your expenses and numbers. A good CPA is one of those expenses you really feel you get your value out of.


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