Rochelle,
I can't answer all your questions, but I incorporated this year after resisting it for years. I was afraid I'd be overwhelmed by the additional paperwork. But, when my CPA told me it would save me about $7,000 in taxes, I had to sit up and listen.
I decided to pay my CPA to do whatever ongoing forms and reports were necessary. It costs more and I save less, but I have less to remember. He also handled the incorporation for me for about $250. It really was pretty easy, but he knew what he was doing. I don't have anyone else as a part of the corporation with me. Mine was done in Florida. I have a part-time assistant who works about 14 hours a week and she does my paycheck once a month and keeps on top of sending out any necessary forms that come from the accountant. My CPA stepped us through doing the paycheck thing, which was a little awkward the first time, but after that it was easy.
As I understand it, your income has to reach a certain level before it's worthwhile to do. A good CPA should be able to evaluate your situation.
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