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What you say may well be true. My point of view is that incorporation does
not affect employability.
At 2:24 PM 2/16/95 -0500, Win Day wrote:
>To: techwr-l -at- vm1 -dot- ucc -dot- okstate -dot- edu
>EE> From everything I've heard, incorporating may make some employers
>EE> feel better about hiring a contractor, but incorporation does
>EE> notthing for the contractor from a tax standpoint.
>Are you sure? In Canada at least, it can make a BIG difference.
>Individuals are taxed at the personal income rate for their income
>level. As your income rises, so does your personal tax rate.
>Corporations are taxed at the business rate. That rate is higher than
>the personal rate only for net incomes below a certain level ($30,000
>CDN I think). So once your income increases it may be to your advantage
>One other thing to consider. Incorporating limits your personal
>liability if you get sued because somebody got hurt while following a
>procedure you wrote.
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TRW Financial Systems, Inc.
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