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I will be a Personal Athletics coach (Track and Road racing). Clients will pay me a percentage of their earnings. There will be some likely deductable expenses (travel, vehicle, equipment). I believe the tax rate for up to $75k is approximately 18%, which would be quite a bit lower than my personal rate. This is why I am considering forming a corporation. Just don't know whether regular corp. or L.L.C.
I envisioned two owners: myself and girlfriend/partner. I woudl like to share all profits.