Incorporation Analyzer  
Step 1 Revenue Level Calculator
- in the yellow cells, enter the length of your contract and the hourly rate
Contract length (in months)
Enter hourly rate
Recommendation:
Step 2 Dividend Calculator
- in the yellow cells, enter the approximate monthly amount that you need to pay for each of these personal expenses
- this will be treated as your personal income from the company
Mortgage/Rent
Utilities
Property tax
Telephone/Internet/Cellular
Food/Entertainment
Automobile
Miscellaneous
Total:
Annual dividend to draw as personal income
Step 3 Detailed Situation Analysis
Revenue
Expenses (assume no business expenses for simplicity)
Net income
Corporate tax (@ 11%)
Retained earnings (company's after-tax cash), opening
Dividend required
Retained earnings (company's after-tax cash), closing
Total taxes paid:
Corporate tax
Personal tax on dividend
Total tax if incorporated
Total tax if sole proprietor
Tax savings by incorporating
Costs:
One-time incorporation fee
Annual accounting fees
Overall annual savings by incorporating (first year)
Overall annual savings by incorporating (after first year)