More paperwork

Corporations are required to file paperwork, including papers of incorporation. Corporations are also required to hold regular meeting of the Board of Directors and keep records of them.

More fees and taxes

Corporations are required to send fees to the government when they incorporate. These fees amount to around $1,000. Also, there is a California corporate tax that requires the corporation to pay $800 in addition to any other taxes, regardless of whether the company was profitable.

NO!