2. Major Benefits are:
Significant Tax Savings
Qualify for Group Benefits & Discounts
Reduce chances of being audited by IRS
Asset Protection & Reduced Liability
(Check with your Legal Consultant)
3. Tax Savings
Reduce Social Security Taxes
Typical Business earning $75,000 gross income
pays about $15,000 in SS taxes
Save $7,500 in your pocket, depending on
circumstances.
You do the math if your gross earnings
exceed $75,000 per year
(that’s for every year thereafter using your
corporation for business)
4. Group Benefits
One of the Major expenses is Medical Health
Insurance premiums
Typical family pays $1,100/mo for Individual Family
PPO medical premiums
Ifincorporated – now you, your family, &
employees qualify for Group Health Insurance:
No Pre-existing conditions exist with Group policies
Now everyone in your family qualifies for health coverage
5. Reduced Chances of being
Audited
Corporations have 1/10th chance of being
audited compared that to, if a Sole Proprietor
or Partnerships
6. Liability & Asset Protection
Lawsuits & Product exposure stays with
corporation
Personal assets not tied to corporate
liabilities
Business & Personal credit treated separately
(considering corporate documentation and reports are
up-to-date and accurate)
7. Advantages
Simply not available to sole proprietorships or simple
partnerships.
Provide medical benefits to employees and shareholders,
Write off 100% business and entertainment expenses,
Tax-favorable pension plans,
and More;
8. IF ALREADY INCORPORATED …
Are you taking advantage of:
All tax savings, all business deductions
Allowable personal expenses such as health
insurance, Rental or mortgage payments, house-
hold utilities, household maintenance
Auto expenses
Pension plans, etc.
9. Are you following all rules:
Periodical forms
Procedures needed to justify corporate
status thus allowing for all IRS deductions
and the corporate liability protection
10. First Step
Tax Savings Analysis is FREE
45 minutes analysis to evaluate your savings &
benefits with some information
Information needed is:
Last 2 years tax returns
Current profit & loss statement