Incorporation: A Good Idea For Your Small Business?

Silver linings can be hard to find sometimes, especially during tax season. One of the big questions you ask yourself when you start your business is, "Should I incorporate?". The government may be giving you one more item to add to the Pro side of your chart. With the economic woes we've all faced, the government is trying to give small business a break.

Starting next January, the corporate tax rate will fall to just 16.5%. Incorporated small businesses qualify for this tax rate, rather than having to be subject to personal tax rates. For all but the very smallest companies, this will result in quite a savings. Check out this story from NEBS for all the details.

It's a tough tax world: Small businesses might benefit from incorporation