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 serious about the gaming industry and willing to go all in.
But would it be wise to start a company?
I am mostly concerned with taxes and keeping it separately from myself as I have greater plans in my mind.
I was able to determine the costs of incorporating, the paperwork required and how to file corporate taxes. I have definitely confirmed that the corporation will save a lot more taxes than being self-employed in the expected revenue brackets.