Upload & Sell: Off
| p.1 #5 · Sole Proprieter question |
So the advice was basically this: If You are doing well S-Corp is the way to go for reasons Mr. Reichman Pointed out. However if you are doing less than 25k profit that sole proprietorship would be cheaper. Also since I have spent money and have startup costs incurred this year in 2012 I can claim them on my return as a sole proprietor. So the plan for me will be to file as a sole prop for 2012 then start 2013 as sole prop. I figure 2013 I will be starting slow because I'm not amazing yet and I'm assuming marketing will take a while to start to pay off. Hopefully by 2014 Im starting to roll and I can start as an S-corp.