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RE: Should every US Steemit blogger form an S-Corp to reduce their self employment taxes?

in #business7 years ago

I definitely agree that this can be an excellent option for some people. There are also a couple other benefits to forming an S-Corp. You can deduct Steemit related blog expenses before getting taxed on the remainder. The corporate veil here also gives you some protection against unlimited personal liability in the case of lawsuits.