follow us on facebook follow us on twitter follow us on YouTube link to us on LinkedIn
Click here for LLL Reptile & Supply  
Click here for Bion Terrarium Center
Professional Cages & Rack Systems
Made in the USA - Freedom Breeder
Locate a business by name: click to list your business
search the classifieds. buy an account
events by zip code list an event
Search the forums             Search in:
News & Events: Herp Photo of the Day: Happy Rattlesnake Friday! . . . . . . . . . .  Herp Photo of the Day: Gecko . . . . . . . . . .  Hampton Roads Reptile Expo - June 17, 2018 . . . . . . . . . .  Edmonton Reptile & Amphibian Society Mee - June 19, 2018 . . . . . . . . . .  International Herpetological Symposium - June 20-23, 2018 . . . . . . . . . .  East Texas Herp Society Expo - June 22-23, 2018 . . . . . . . . . .  Bay Area Amph. and Reptile Society Meeti - June 22, 2018 . . . . . . . . . .  Suncoast Herp Society Meeting - June 23, 2018 . . . . . . . . . .  ReptiCon Tucson - June 23-24, 2018 . . . . . . . . . .  ReptiCon Charleston - June 23-24, 2018 . . . . . . . . . .  Northern Virginia Reptile Expo - June 23 2018 . . . . . . . . . .  New England Reptile Expo - June 24, 2018 . . . . . . . . . . 

full banner - advertise here .50¢/1000 views
click here for Helix Controls
pool banner - $50 year

RE: Benefits of Incorporation

[ Login ] [ User Prefs ] [ Search Forums ] [ Back to Main Page ] [ Back to Blood Pythons ] [ Reply To This Message ]
[ Register to Post ]

Posted by: Rich Crowley at Fri Sep 21 21:57:01 2012  [ Report Abuse ] [ Email Message ] [ Show All Posts by Rich Crowley ]  
   

Hey Mark, glad the animals are doing well for you.
First off I am an accountant gone herp! So as far as the subject you are asking, I love this stuff also.

You have various organizational approaches to take. The question of liability is the biggest motivator for incorporation so you can protect personal assets. But as a corp you also get taxed separately. Then your profit distributions or payrolls get taxed as well.

There are pass thru (s-corp) structures and proprietorships strutures as well. Depends on your personnal assets and the potential for liability from the business. Many people still follow proprietorship since the cost and risk don't warrant incorporate.

Just some thoughts.

Good luck!

rich
-----
================================
www.richcrowleyreptiles.com
Support your local herp society
www.chicagoherp.org


   

[ Reply To This Message ] [ Subscribe to this Thread ] [ Show Entire Thread ]


<< Previous Message:  Benefits of Incorporation - strikersnakes, Fri Sep 21 13:18:11 2012