Question
Janet has been operating as a sole proprietor for several years and her business continues to grow and earn hifgher profits each year.. Janet does
Janet has been operating as a sole proprietor for several years and her business continues to grow and earn hifgher profits each year.. Janet does not need all the profits she earns to fund her lifestyle and is considering incorporating. Which of the following is NOT an advatage of Incorporatiing her business.
A. Janet will be able to keep profits in the Corporation and pay less taxes.
B. Janet will be able to write off many more expenses within the Corporation.
C. Janet can pay herself a mix of dividends and salary to suit her tax situation.
D. Janet will have ipossible ncome splitting opportunities.
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