Quote Originally Posted by HDNitehawk View Post
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.
Some people's businesses have an income/expense profile that makes it relatively easy to zero out income based on high expenses. I suspect that in a photography business, the high capital costs depreciated over time could wipe out any income, leaving you with actual income (money in the pocket) from the business but no paper income because of the offsetting expenses. I believe the tax rules for corporations give you more flexibility here than with sole proprietorships. But that's for the accountants. And it seems like Joel's accountant sees a benefit to corporate tax treatment rather than sole proprietorship.

But I still think all of this is beside the point. Forming and maintaining a single member LLC is cheap and easy. The LLC requirements for my old consulting business took me about 10 minutes and $25 a year. No reason not to do it IMO.