Deductions & credits


@NewCorpWow wrote:


@AmeliesUncle: Thanks for the advice. If taxation were the only consideration, I would probably not be going this route. Fortunately, I anticipate this business being very small for the time being 


 

It makes even less sense to be taxed as as corporation if the business is very small. 

 

You said taxation is not the only consideration, but depending on what the other factors are, there are likely other alternatives that would be easier and likely cheaper then having a corporation.

 

Again, consulting with a professional, either tax professional and/or business attorney, is highly recommended.