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Eric is thinking about going from sole proprietorship to corporation legal structure. Under following circumstances would you recommend such a move and why (show calculations)?
Eric is thinking about going from sole proprietorship to corporation legal structure. Under following circumstances would you recommend such a move and why (show calculations)? Eric before tax income: $165,000 Eric salary: $90,000 Eric deductions: $14,500 personal tax rate on taxable income: 21% corporate tax rate: 25% proprirtoeship tax rate on taxable income: 25%
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