Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?
Of the millions of business across America, only a small percentage are incorporated. Perhaps one of the biggest reasons is the cost. For example, in California there is a whopping $800 franchise tax fee. Yes, in today's tough economic environment, this is certainly a big deal.
Another problem is the paperwork, which can distract from your business.
But if you want to operate a sustainable business, you should really think seriously about incorporating. The benefits often outweigh the costs. Let's take a look:
Even during economic expansions, the failure rate for small businesses is high. Of course, things are even worse now, in light of the falling GDP and rising unemployment.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
