When is it time to form an LLC?

[wdmny]

...and Democrats wonder why US corporations are flocking to incorporate outside of the US. Perhaps it's because it's because our corporate taxable income is higher than (I think?) every other country in the industrialized world @ 35%...

The corporate tax rate is historically lower than it's been in the past. The money has to come from somewhere and raising personal taxes isn't exactly a popular idea. Domestic corporations (and foreign corporations for that matter) still pay tax in the US for business done here.

 

[bunni]

Form an LLC anytime you want to limit legal liability, in CA you can draw up the forms yourself quite easily, the fee is ~$110 or so. The tax benefits don't really exist for one man operations, unless of course you're going to fuzz all the numbers a bit.