Could use some advice from you business expert-types.
The business is a sole proprietorship (with fictitious business name). Tax-wise, is there any reason to incorporate (LLC or S Corp)? I would be paying a minimum $800 "franchise tax" if I did this in California, so without some sort of extra tax write-offs, it would not be worthwhile. I am not concerned about protecting personal assets from exposure to liability claims.
I plan on hiring my first employee within about two months, and if the business is successful, perhaps another 1-3 within a year. It would probably top out at 5 total employees, including me.
Where should I look for benefits solutions (401k, health/dental/vision insurance, etc.)?
OT - Starting a business
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FatPitcher
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The tax benefits of the LLC or S-Corp are that they are taxed at your personal income rate, instead of at the standard corporate rate. So, the short answer is no there are no tax benefits vs. a sole prop. However, incorporating will shield you from personal liability in the case of lawsuits or from debtors (unless you sign personal guaranties). The value of this could be well in excess of $800.
If this is going to be more than a sideline, I'd definitely recommend incorporating and consulting an attorney who specializes is this sort of thing to draw up your corporate docs.
If this is going to be more than a sideline, I'd definitely recommend incorporating and consulting an attorney who specializes is this sort of thing to draw up your corporate docs.