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Disclaimer:
I am not, never have, never will be a legal professional. You should never
take info from some lurking, seldom-posting bozo on a mail list.
That said, when I was on my own I got advice from a good friend who is an
excellent lawyer and his point to me was that the protection afforded a
one-person shop that is incorporated is pretty easily pierced by a good
lawyer. So even if I was incorporated, the protection it afforded me was
tenuous at best.
My accountant did sit with me and show the break-even for incorporation and
the tax advantages I could take. In the end I went sole-proprieter.
-----Original Message-----
From: Michele Davis [mailto:mdavis -at- bitstream -dot- net]
Sent: Thursday, June 15, 2000 9:11 PM
To: TECHWR-L
Subject: Re: Incorporated: Information Needed
I'm a sole proprietorship and my accountant said that the only reason to
incorporate would be to save on FICA. However, a friend of mine said that
he's
spoken with several lawyers who believe that incorporating would alleviate
the
problem of pissing off someone, being sued and losing your assets. Good
point I
think. I went sole because I had no assets when I was 25, but 10 years
later,
well, I've accumulated stuff and now for me may be the time to look into
incorporation.
