It has come to by attention that you are the sole proprietor of your business. I believe it is in your best interest to switch from this form to a corporation. Currently, as a sole proprietor you are at fault for everything that goes right and wrong within the scope of your business. Also, you are losing out on capital gains by acting a sole proprietor. I hope this letter will be enough to convince you to switch over to a corporate run business.
Firstly, you earn and take in all of your revenue, which equates to more profit for you and your company, or so you thought. You are actually paying more in taxes than you would if you had a corporation. (Cheeseman, p.572) Currently, you are being taxed on everything you earn while a corporation is
Firstly, you earn and take in all of your revenue, which equates to more profit for you and your company, or so you thought. You are actually paying more in taxes than you would if you had a corporation. (Cheeseman, p.572) Currently, you are being taxed on everything you earn while a corporation is