Saturday, March 27, 2010

Open Question: Should I incorporate my side home based business?

I've heard that if I incorporate my home-based business, there will be tax advantages. I would be the only employee of the company and I do online sales. This is my side business, I also work a full-time job at another company. My main objective is to take advantage of overall tax savings between my personal tax and business tax. I'm not too concerned about the liability part. Any advice? What type of incorporating should I do?

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