Hope great fortune comes with your new venture.

You can write off your business expense regardless of whether you are a sole proprietor or a s-corp but talk to your accountant to see what you can or cannot write off.

The motivation is primary due to financial reasons, and I would recommend talking to a professional to run the numbers to see which route make sense. Many people charge $800 to file it for you, but you can go to legalzoom or other websites to do it for less than half the cost.

Congrats. Gotta love being able to write off all expenses to your income now.

What was your primary motivation for incorporating yourself? Do you recommend others to do the same thing? Finally, what is the ballpark cost to do so?

Thnx.

Also, there is still a certain population that gives an “Inc” more props than a “LLC”, especially outside of the US where LLC don’t exist, so there’s a marketing benefit when I interact in the real world.

Then, though I have no plans yet, anything to do with stocks or VC investments and what not are more favorable with s-corps. So while LLC is probably easier (paperwork wise), people expand into a s-corp and I just don’t want the hassle of moving over in the future because it’s a huge distraction from the business itself.

So for more paperwork (or in other words, an additional expense) of having a s-corp, I thought it was worth it.

You are right. I am a little excited of having established the company instead of the fact that it’s the right thing at this stage of my business.

Just curious though, why did you decide to incorporate as opposed to forming an LLC? Are you planning on issuing shares of stock?