Will Incorporating Benefit Your Business?

Business owners incorporate to protect themselves from unlimited personal liability for their business. But the tax benefits are not always clear

I am a sole proprietor working as a 1099 commission-only consultant. I make between $150,000 and $200,000 annually and have had to pay as much as $30,000 in income taxes. If I incorporate, would it lower my tax bill?

To continue reading this article you must be a Bloomberg Professional Service Subscriber.