Jonathan’s Financial Jonathan’s Financial Services, Inc.Services, Inc.

The Benefits of a CorporationThe Benefits of a Corporation

By By John GhalyJohn Ghaly

Major Benefits areMajor Benefits are::

Significant Tax SavingsSignificant Tax Savings

Qualify for Group Benefits & DiscountsQualify for Group Benefits & Discounts

Reduce chances of being audited by IRSReduce chances of being audited by IRS

Asset Protection & Reduced LiabilityAsset Protection & Reduced Liability(Check with your Legal Consultant)(Check with your Legal Consultant)

Tax SavingsTax SavingsReduce Social Security TaxesReduce Social Security Taxes

Typical Business earning $75,000 gross income Typical Business earning $75,000 gross income pays about $15,000 in SS taxespays about $15,000 in SS taxes

Save $7,500 in your pocket, depending on Save $7,500 in your pocket, depending on circumstances.circumstances.

You do the math if your gross earnings You do the math if your gross earnings exceed $75,000 per yearexceed $75,000 per year

(that’s for every year thereafter using your (that’s for every year thereafter using your corporation for business)corporation for business)

Group BenefitsGroup Benefits

One of the Major expenses is Medical Health One of the Major expenses is Medical Health Insurance premiumsInsurance premiums

Typical family pays $1,100/mo for Individual Family Typical family pays $1,100/mo for Individual Family PPO medical premiumsPPO medical premiums

If incorporated – now you, your family, & If incorporated – now you, your family, & employees qualify for Group Health Insurance:employees qualify for Group Health Insurance:

No Pre-existing conditions exist with Group policiesNo Pre-existing conditions exist with Group policiesNow everyone in your family qualifies for health coverageNow everyone in your family qualifies for health coverage

Reduced Chances of being Reduced Chances of being AuditedAudited

Corporations have 1/10th chance of being Corporations have 1/10th chance of being audited compared that to, if a Sole Proprietor audited compared that to, if a Sole Proprietor

or Partnershipsor Partnerships

Liability & Asset ProtectionLiability & Asset Protection

Lawsuits & Product exposure stays with Lawsuits & Product exposure stays with corporationcorporation

Personal assets not tied to corporate Personal assets not tied to corporate liabilitiesliabilities

Business & Personal credit treated separatelyBusiness & Personal credit treated separately

(considering corporate documentation and reports are (considering corporate documentation and reports are up-to-date and accurate)up-to-date and accurate)

AdvantagesAdvantages

Simply not available to sole proprietorships or simple Simply not available to sole proprietorships or simple

partnerships. partnerships.

Provide medical benefits to employees and shareholders, Provide medical benefits to employees and shareholders,

Write off 100% business and entertainment expenses,Write off 100% business and entertainment expenses,

Tax-favorable pension plans, Tax-favorable pension plans,

and More;and More;

IF ALREADY INCORPORATED …IF ALREADY INCORPORATED …

Are you taking advantage of:Are you taking advantage of:All tax savings, all business deductionsAll tax savings, all business deductionsAllowable personal expenses such as health Allowable personal expenses such as health insurance, Rental or mortgage payments, house-insurance, Rental or mortgage payments, house-hold utilities, household maintenancehold utilities, household maintenanceAuto expensesAuto expensesPension plans, etc.Pension plans, etc.

Are you following all rules:Are you following all rules: Periodical formsPeriodical forms Procedures needed to justify corporate Procedures needed to justify corporate

status thus allowing for all IRS deductions status thus allowing for all IRS deductions and the corporate liability protectionand the corporate liability protection

First StepFirst Step

Tax Savings Analysis is FREETax Savings Analysis is FREE45 minutes analysis to evaluate your savings & 45 minutes analysis to evaluate your savings & benefits with some informationbenefits with some information

Information needed is:Information needed is:Last 2 years tax returnsLast 2 years tax returnsCurrent profit & loss statementCurrent profit & loss statement

CALL US NOWCALL US NOW

Call for an Appointment:Call for an Appointment:

(714) 952-0943(714) 952-0943