Self-Incorporation

Should I Self-Incorporate?

Forming your own corporation is always an option for talented independent consultants like yourself; but before you do, find out about MBO Partners. Our Associates find that working through our corporate umbrella grants them every advantage, while saving them the disadvantages of all that administration and paperwork.

If you already have your own corporation, that's ok too -- hundreds of the independent contractors and consultants using our MBO Exec service also have an LLC or S-Corp that they formed along the way, and choose to either use it for some ongoing pieces of their business, or simply set it aside. If your business is already completely set up and you're only interested in outsourcing your back-office administration to MBO Partners, find out about our MBO Corp program for small businesses and consulting firms. 

Allowable Expenses and Tax Advantages

Working through MBO Partners as an MBO Exec means that you're operating your own division of MBO Partners. This business model allows you to take the full gamut of allowable business and medical expense deductions. Even better, the management of your expenses is easy, fast, and electronic. You'll get reimbursed, pre-tax, for your approved expenses with every payroll you take. What's more, since you're part of MBO Partners, you can forget about the burden of quarterly taxes and file your taxes as a W-2. 

Reducing Taxable Income

At MBO Partners we have a special retirement plan designed especially for independent consultants that allows you to set aside up to $46,000 (or $51,000 if you're over 50) into a tax-deferred 401(k). The plan has many advantages over a SEP IRA or Keogh plan that a self-employed individual would normally only have access to. Talk with our experts about how this special plan works to both reduce your taxable income and also save you self-employment taxes on the contributions themselves. 

Corporate Protection

If you operate as a self-incorporated entity, you must carry your own General Liability and Professional Liability insurances, and you're responsible for executing your own contracts. Working under our powerful umbrella means you're covered by our liability insurance for no extra charge, and will get low group rates on worker's compensation, life, disability, and more -- even unemployment coverage. What's more, our contract experts will review and execute contracts on your behalf, ensuring that your best interests are represented.