Smart Passive Income #191 & #192 - Why to start a Company

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Pat's reasoning on why to start your on company (or to found a company as legal entity different from yourself):

• freedom (here he reasons why to be self employed, less about why to start a company ...)
• professionalism (company vs individual person)
• protection to limit personal liability
• tax advantages (vs employing an accountant ;) )

His reasons for not starting a company are actually completly limited to reasons why not to be self employed:

• you are responsible for everything
• you have to schedule your own time
• nobody provides benefits for you, you have to watch out for yourself

... and he lists the different kinds of business structures and their benefits ... but as they are limited to the US and are most likely out of date ... please, please, please ... ask your local legal council ...