S-Corp is a Sole Prop with Corproation protection. As long as you keep your paperwork in order and not commingle any funds you are covered. S-Corp is the best as you don’t have double taxation like a C-corp. So it’s Daniel Freeman Inc as a S-Corp and pretty much operates like a Sole Prop. All of my companies are S-Corps!

@JR – A LLC is usually not recognized by the IRS and I’ll explain that Tuesday the 9th. Now for the corporation (which I will also explain later this month) you can put your car under it and even write off your gas. If you are leasing the car it’s even easier if you own the car the IRS expects you to depreciate the car which is a little bit more cumbersome but can be done by your accountant when you do your taxes. Property if it’s like your house you live in usually isn’t under your corporation but if you are renting and you can say you moved there for business purposes then your rent can be written off to a certain degree. I’ll look more into it so I’ll email you on back channels. I’ll go more in depth later on this month on the power of a corporation.

@Janelle – Temp agencies are usually corporations. I mean the small ones are Sole Props but once you start dealing with more and more contracts companies want you to be a corporation. Since a temp agency is contracting with other places to place competent temps then usually they want a corporation to write checks to. Don’t get discouraged by a corporation I’ll explain it soon enough and you’ll see it’s relatively easy to do and you don’t need to pay a lawyer as their are services that will do it in one day.

Thanks

Thanks Freeman!

Sidenote: Damn, I have to stop letting myself get blocked so easily. This is a simple solution to my problem. SMH