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: Re: What are the advantages of incorporation for a writer? I have heard of some (rather successful) writers incorporating - that is, creating a corporation of which they are the sole member. What
Officially, the reason to incorporate is to protect your personal assets if someone decides to sue you over your writing. If you're incorporated, they would instead have to sue the corporation, and your personal property can't be touched.
My own reason for incorporating was to get access to only-somewhat-ridiculously-priced health insurance. Buying health insurance is a pita if you're self-employed. In California, though, corporations (with two or more employees) are what's called “guaranteed issueâ€â€”i.e., insurance companies have to offer you a plan. The two employees of the corporation just happen to be my husband & myself, allowing us access to insurance options we couldn't otherwise get.
There are also some advantages in terms of non-fiction writing opportunities. Corporations these days are very leery of hiring freelancers who might appear to be employees, and they're more likely to hire you if they can pay a corporation.
For an individual who writes fiction and doesn't have serious assets? I'm not sure what advantages there would be, if any.
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