[T-BOT]

The main benefits to a sole proprietorship is taxes. With an LLC and Corp., you basically get the "double taxation"!

Sales and profits of the business are taxed, AND when you pay yourself from the business that income is taxed again.

I thought that the corp. pays the President and this amount is deducted from the Corp. taxable income. (an expense like).

 

[T-BOT]

one account is all you need.
set it up at the bank as 2 signing officers for the corp. for banking transactions.