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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
It's usually about taxes and protecting your assets. A corporation is a person under the law, so it can be sued and can defend itself and pays it's own taxes. If you set up a corporation, you become an employee of your corporation and it pays you a salary. It also pays the gov't a share of your employment taxes.
One way to get the benefit of asset protection, without the hassles of paperwork requirements that come with corporations, is to form an LLC, or limited liability company. The IRS will, if you tell it to, treat your LLC as a "disregarded entity" -- which means you are taxed as though you're a sole proprietor, report your business income and expense on schedule C but still get the legal protections that come with having an LLC. The IRS will, also, at your request, treat the LLC more like a corporation.
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: What are the most common style manuals? From Wikipedia: A style guide or style manual is a set of standards for the writing and design of documents, either for general use or for
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