OT- Contractor

Stephen stephen-d-bJEeYj9oJeDQT0dZR+AlfA at public.gmane.org
Mon Jun 21 19:20:27 UTC 2010


D. Hugh Redelmeier wrote:
> It would be great to hear from folks with experience whether a
> corporate entity matters for their consulting work.
>
>   
It is essential if working in the US, which I do if necessary.

But there is a huge tax advantage to being incorporated.

Let the corporation pay taxes at a rate under 20%.

Then pay yourself dividends. You can get up to about $38,000 in 
dividends without paying any personal tax.

Stephen
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