Why You Should Incorporate - Hamilton Document Service, Inc.

		Why You Should Incorporate
	In the San Francisco bay area (408) 226-0932or toll free at 877-411-3863


	Why You Should Incorporate

	LIMITED LIABILITIES A small corporation allows the business owners limited liability status. This means the owners are not normally liable for business debts. S-CORPORATION TAX STATUS In some situations an unincorporated business will benefit after becoming a corporation in a number of ways (e.g., perpetual existence, limited liability, etc.) but will benefit from being taxed as if it was a partnership. Both corporate status and partnerships tax status can be obtained simultaneously if S-Corporation tax status is elected.Sub Chapter "S" election occurs within 75 days after incorporation. Profit distribution is not subject to FICA, FUTA, or SSI taxes. EMPLOYEE BENEFITS A corporation allows business owners to be treated as employees, a status that can offer many advantages. Pension plans, profit sharing plans, medical and disability insurance all become available to employees. Health insurance can be 100% tax deductible. FINANCIAL ADVANTAGES The corporation has increased financial flexibility in terms of splitting income, obtaining capital, etc.

		Hamilton Document Service, Inc. 171 Branham Lane, Suite 10-333 San Jose, CA 95136
	Tel:	(408) 226-0932
	Fax:	(408) 362-9652
	Toll Free:	(877) 411-3863
	email:	bruce@inccal.com