There are many books about Asset Protection and Incorporating. I suggest you talk with an attorney and a lawyer who is knowledgable in corporate entities. They can analyze your situation and give you the proper guidance - books are great references but I wouldn't use them in lieu of a professional.
Keep in mind that a corporation operates as a business and needs to show profits (at some point). Unless I'm wrong here, you can't just incorporate yourself and have lots of expenses without income and ultimately profits. If you're currently on someone's payroll they may not be able (or interested) in paying you as a corporation. You'll need to handle paying your taxes, your payroll, your health benefits, and all the other junk that goes into it. I love working for myself (my business is an S-Corp) but there's more to it than it first seems. You can pay your CPA to do everything but it'll get expensive after awhile. I rely on mine for Fed/State/Local taxes, Payroll, general advice, and tax return preparaion. I do my own bookkeeping.
Lastly, you need to have assets to protect based on your personal exposure. Someone can still sue your business and potentially take its assets so you need to structure things properly.
DISCLAIMER: I'm not a CPA or attorney and this information may not be correct. If I have mentioned something in error, please point it out.
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How you do anything is how you do everything.
Last edited by rubicon; 09-10-2004 at 11:12 PM..
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