Comment: You do not understand.

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wolfe's picture

You do not understand.

First, not all local businesses are corporations. You make the same error that many make in equating the two concepts as being equal.

Second, any small business that goes through the process of incorporation as S or C, or files for LLC status does so because there is little choice in the current environment.

If the government is handing out bricks of gold, you would be stupid to voluntarily turn it down. But that doesn't mean it is ok for the government to steal and subsequently hand out bricks of gold.

The amount of work and overhead required to maintain a corporation, quite frankly sucks which is why you hire people to do it for you. Except that small businesses usually can't afford to hire it out so waste a lot of time and effort in maintaining it themselves.

The Philosophy Of Liberty -