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1answer
33 views

California resident, Delaware C-Corp - Taxes for 1-person software freelancer?

I'm a one person software contractor / freelancer / app store developer who lives in California (although I spend most of my year traveling to other places). I incorporated a Delaware c-corp earlier ...
0
votes
1answer
81 views

When to register for a bank account for a C-Corp with no official money

In Feb this year, I registered a C-Corp for administrative purposes only (for things that require a DUNS number, e.g., to get an Apple Enterprise Dev account, etc) and have thus far not passed any ...
3
votes
1answer
130 views

Should an independent mobile game developer incorporate a business?

The story is thus: I am on the verge of publishing my first app, but I was thinking whether I should incorporate or not. I am an accounting student, albeit in second year with a budget of $1000. I am ...
2
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1answer
111 views

Why big clients want the contractor to be incorporated before giving them work

Why do banks and other companies in Canada that employ independent contractors to do IT work insist that the contractor be incorporated, as opposed to a sole proprietorship?
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2answers
2k views

Creating S-Corp: Should I Name My Wife as a Director/Shareholder?

I am creating an S-Corp for consulting services. I will be the sole employee for now, and likely for the foreseeable future. I am trying to figure out initial shares for the corporation, which will ...
3
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1answer
73 views

Deadline for Electing S-Corp Status — What does it mean?

Got a new gig as a contractor, and I am considering forming an S-Corp for various reasons. I have seen a few references to the deadline for electing S-Corp status being March 15th. One example: ...
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1answer
527 views

How to set up my business as a self-employed contractor

I am a full time employee in New York City who does contract work on the side. Next year, I would like to set up a business for myself for this, with the expectation that I might become a full-time ...
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6answers
2k views

Indie Software Developers - How do I handle taxes?

I apologize if this is the wrong site to post on, perhaps someone could point me to the proper place if it is not. Hello, I am 17 years old and currently develop applications/games for Android and ...
4
votes
4answers
336 views

Will my current employer find out if I have a sole proprietarship/corporation?

I am currently employed by a large Canadian corporation. I'm also in the planning stages of bootstrapping my own small company. The two are in unrelated industries, but it could be argued that there ...
5
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2answers
128 views

Is it possible for a new company to issue dividends in it's first operating year / month? (UK)

One of the more popular tax structures I keep hearing about, is using a company for revenues, which then pays dividends for it's sole owner. According to HMRC, in this case, the following tax ...
4
votes
5answers
10k views

Which is better when working as a contractor, 1099 or incorporating?

When working as a contractor, is it better to work as a 1099 contractor or rather incorporate as a C, S or LLC corporation? (with one employee/owner/board member) (assuming that the pay is the same ...
7
votes
1answer
445 views

Figuring S-corp taxes - salary vs. dividends

I am working on a business plan for a small business I'm going to be starting in the near future. I am going to incorporate as an S-corp. One of the line items on the business plan I have to present ...
3
votes
1answer
1k views

Is it worth incorporating, when working in Canada as a contractor for an employer in the US?

Assume a Canadian contractor is working remotely from Canada for a US based contracting company. Is it advisable to incorporate, in Canada, in this situation? Also, once incorporated in Canada, is it ...