BENEFITS
• Protection of personal assets
• Separate legal entity C Corporation
• Added tax benefits
• “key man” life insurance deduction
• Medical plan deduction
• Flexibility in setting salary & bonuses
• Reimbursement policy on expenses & fringe benefits
• Minimize taxes paid via tax planning
• Unlimited life
• Can transfer ownership via stock sales
• Non taxable incorporation via IRS Section 351
• Requires transfer of business assets to corporation in exchange for stock
• 15-35% Federal Corporate Tax Rate (Files Form 1120)
• 8.84% Calif. State Income Tax Rate (Files Form 100)