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<p>[QUOTE=&quot;medoraman, post: 1227143, member: 26302&quot;]I am not a lawyer, but a CPA with some experience in this stuff. Overall, nothing much changes if you incorporate. Too many people get confused about this. </p><p><br /></p><p>You can always claim business expenses and the like as a sole proprietor. The only advantage a corporation gives you is limited liability if you get sued. Basically the corporation is the &quot;person&quot;, so it owns the business, not you. If the business gets sued then the corporation can lose all its money, but not you personally. Even that for a sole proprietorship is not perfect, since you will be the emplyee who dealt with things, so they can try to sue you personally as well. You will be claiming subchapter S to minimize taxes, I won&#039;t get into that here.</p><p><br /></p><p>I find incorporation for sole proprietors oversold really. Yes, it can also save you some headahces for some tax forms as well, but it is also creating more work filing taxes.</p><p><br /></p><p>Bottom line you can feel free to start your business, buy inventory, and deduct expenses all without worrying about incorporation if you wish. Incorporation does not &quot;make you a business&quot;, it is simply a legal device to create a different legal person to own a business.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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