@Rak 233612 wrote:
Same with Australia… I used to be sole proprietor… paid the $1000 and went for a corporation. Have never looked back either. Also it helps with growth, and giving yourself a wage, retirement fund, funds for projects – it’s what pushed me into running my “hobby / interest” into a proper business.
I’ve always done my tax as a sole proprietor, but it sounds like a corporation is much better. I learn so much from the threads in this forum. I’m going to ask my accountant about this tomorrow. I just thought it was easier to be a sole proprietor, but I guess easy doesn’t always mean better (or it never does lol). Thanks heaps for that Rak 