@CatherineOmega

What are the benefits of doing business as a company, rather than as an independent contractor?

6:21PM Sun, June 06 2010

@ColleenCoplick

taxes are different, liability, you pay yourself a salary... there's lots. @lisamedia would be able to explain better than I

6:23PM Sun, June 06 2010

@smuttysteff

If you incorporate, you can't be personally liable in a lawsuit. I think tax benefits too?

6:30PM Sun, June 06 2010

@bluelimemedia

i don't think that there are any benefits.

6:31PM Sun, June 06 2010

@Jennerosity

Do you mean like incorporating as a limited company vs. sole proprietorship?

6:39PM Sun, June 06 2010

@Jennerosity

If you've incorporated & get sued, they can only take company assets and not personal ones. Different tax issues as well.

6:46PM Sun, June 06 2010

@techherding

You must have very different corporate laws there in Canananananada. Even if Inc, most small biz down here are at risk.

6:48PM Sun, June 06 2010

@smuttysteff

No, I know, but I mean personal assets held in jeopardy, if you're not leveraging them for finances. I THINK. @catherineomega

6:56PM Sun, June 06 2010

@techherding

@catherineomega Just be sure to get yourself a good lawyer to form it, BEFORE relying on it as a shield.

6:59PM Sun, June 06 2010

@411maximizercom

See http://www.411maximizer.com to read how businesses of any form can exploit local search habits of consumers. 2067930000

7:11PM Sun, June 06 2010

@CatherineOmega

No benefits to incorporation vs. a sole proprietorship, or to being registered as a business at all?

8:29PM Sun, June 06 2010

@bluelimemedia

The only reason I incorporated was so that I didn't get sued. Or at least my personal belongings wouldn't be up for grab

8:42PM Sun, June 06 2010

@bluelimemedia

I don't think that my clients care that I call myself bluelime or christine

8:43PM Sun, June 06 2010

@bluelimemedia

I just opted for a company name cause no one can pronounce my last name. I also wanted to look bigger which I don't anymore

8:43PM Sun, June 06 2010

@reneestephen

@CatherineOmega The beauty of sole proprietorship is that you can still register a business name, or use your own, or both :)

8:45PM Sun, June 06 2010

@bluelimemedia

Hey are you around? I have a few Qs about dropbox. Are you on Google chat or skype? If you have time....

9:11PM Sun, June 06 2010

@CatherineOmega

I am! catherineomega on Skype.

9:14PM Sun, June 06 2010

@camcavers

there are tax benefits to being incorporated if dividends from your company are your only income (up to $32k or so)

9:18PM Sun, June 06 2010

@camcavers

it works out great for a married couple owning an incorporated company, you can clear over $70k only paying low corp tax

9:19PM Sun, June 06 2010

@StacieBee

I'm sure you've had lotsa replies. Did you go here? http://www.smallbusinessbc.ca/starting-a-business/legal-requirements

2:11AM Mon, June 07 2010

@CatherineOmega

I have. I'm just trying to figure out the specific differences between the options.

3:44AM Mon, June 07 2010

Anonymous

Replyz collects and amplifies questions from around the web, allowing a wider audience to answer them.

What are the benefits of doing business as a company, rather than as an independent contractor?

taxes are different, liability, you pay yourself a salary... there's lots. @lisamedia would be able to explain better than I

If you incorporate, you can't be personally liable in a lawsuit. I think tax benefits too?

i don't think that there are any benefits.

Do you mean like incorporating as a limited company vs. sole proprietorship?

If you've incorporated & get sued, they can only take company assets and not personal ones. Different tax issues as well.

You must have very different corporate laws there in Canananananada. Even if Inc, most small biz down here are at risk.

No, I know, but I mean personal assets held in jeopardy, if you're not leveraging them for finances. I THINK. @catherineomega

@catherineomega Just be sure to get yourself a good lawyer to form it, BEFORE relying on it as a shield.

See http://www.411maximizer.com to read how businesses of any form can exploit local search habits of consumers. 2067930000

No benefits to incorporation vs. a sole proprietorship, or to being registered as a business at all?

The only reason I incorporated was so that I didn't get sued. Or at least my personal belongings wouldn't be up for grab

I don't think that my clients care that I call myself bluelime or christine

I just opted for a company name cause no one can pronounce my last name. I also wanted to look bigger which I don't anymore

@CatherineOmega The beauty of sole proprietorship is that you can still register a business name, or use your own, or both :)

Hey are you around? I have a few Qs about dropbox. Are you on Google chat or skype? If you have time....

I am! catherineomega on Skype.

there are tax benefits to being incorporated if dividends from your company are your only income (up to $32k or so)

it works out great for a married couple owning an incorporated company, you can clear over $70k only paying low corp tax

I'm sure you've had lotsa replies. Did you go here? http://www.smallbusinessbc.ca/starting-a-business/legal-requirements

I have. I'm just trying to figure out the specific differences between the options.

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Replyz collects and amplifies questions from around the web, allowing a wider audience to answer them.

What are the benefits of doing business as a company, rather than as an independent contractor?

taxes are different, liability, you pay yourself a salary... there's lots. @lisamedia would be able to explain better than I

If you incorporate, you can't be personally liable in a lawsuit. I think tax benefits too?

i don't think that there are any benefits.

Do you mean like incorporating as a limited company vs. sole proprietorship?

If you've incorporated & get sued, they can only take company assets and not personal ones. Different tax issues as well.

You must have very different corporate laws there in Canananananada. Even if Inc, most small biz down here are at risk.

No, I know, but I mean personal assets held in jeopardy, if you're not leveraging them for finances. I THINK. @catherineomega

@catherineomega Just be sure to get yourself a good lawyer to form it, BEFORE relying on it as a shield.

See http://www.411maximizer.com to read how businesses of any form can exploit local search habits of consumers. 2067930000

No benefits to incorporation vs. a sole proprietorship, or to being registered as a business at all?

The only reason I incorporated was so that I didn't get sued. Or at least my personal belongings wouldn't be up for grab

I don't think that my clients care that I call myself bluelime or christine

I just opted for a company name cause no one can pronounce my last name. I also wanted to look bigger which I don't anymore

@CatherineOmega The beauty of sole proprietorship is that you can still register a business name, or use your own, or both :)

Hey are you around? I have a few Qs about dropbox. Are you on Google chat or skype? If you have time....

I am! catherineomega on Skype.

there are tax benefits to being incorporated if dividends from your company are your only income (up to $32k or so)

it works out great for a married couple owning an incorporated company, you can clear over $70k only paying low corp tax

I'm sure you've had lotsa replies. Did you go here? http://www.smallbusinessbc.ca/starting-a-business/legal-requirements

I have. I'm just trying to figure out the specific differences between the options.

Write a Reply

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