Quote Originally Posted by thekingb View Post
Not necessarily true. An individual/sole proprietorship cannot file taxes as a corporation. Depending on your business, there might be significant advantages to being taxed like a corporation (dividend distributions, depreciation, etc.). If you want that tax treatment, there are only two ways: incorporate or create an LLC and elect to be taxed as a corporation.
Sure you can choose that option. As an individual sole owner I am not sure why you would want to be double taxed like a corporation. But you could elect that option if it fit your situation. One of the reasons we see so many LLC's now, an LLC affords you less protection than a corporation but you do not have to be taxed as a corporation. Most of the people I know that changed from an INC to an LLC was just for that reason.