As some of you fortunate people struggle with the shock of increasingly higher tax burdens, you may have wondered if there are any tax advantages to incorporating. Incorporating your writing income when you reach certain income levels can be a tax advantage in the right hands, under the right circumstances. It is very definitely not for everyone. If you are irritated with keeping books, filing receipts, talking to accountants, or all of the above, consider your decision closely before thinking in terms of incorporation.
Corporations are businesses.
They realize that not all of us are precise bookkeepers. Incorporating requires going to a lawyer who will assist you in writing bylaws and articles of incorporation and filing them with the proper state authorities. They will see that you receive a minute book and a corporate seal. These are not for collecting dust. They have legal purposes and must be used accordingly.