Helping 20 Million Americans a Year for 20 Years. FREE!
Find the Right Lawyer for Your Legal Issue!

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential

Call us today for a free consultation (855) 466-5776

Should my wife and I as freelancers take all payments into my corporation?

Question Details: My wife works freelance as a graphic designer and I work for myself as a music teacher and apart from all this I have a corporation I set up for my web business and music business which has not took off at this point but I have the corporation just the same. Would it make sense to have all our payments to each of us my music lessons included as well as my wife's freelance work made out to my corporation? On one hand, it would make things better organized but would we save money paying taxes too?

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.