Sole Proprietor vs Incorporation
It happens often. A production corporation in a contract “requests” I be incorporated to do their work. I never have and never will be incorporated. Maybe, never say never. The request happens because the corporation wants to limit their responsibility-liability-to take me on as an employee. As a confirmed ronin, I do not want to be taken on as an employee, but these contracts are boilerplate and sometimes those plates need to be shifted. I have resisted being “incorporated”- as in becoming a separate body or “corpus” for those who know Latin. According to my long time and very astute accountant, it doesn’t really pay until one is making consistently over $300K per year. While hope springs eternal, so far, that’s not me. There are benefits to being incorporated, just not for my circumstances. Why do these production bodies ask a freelancer to be incorporated? Because they don’t want to take on the burden of a contractor as an employee with all the benefits and liabilities that impo
