do i need to pay myself after i incorporate 
there are tax considerations to make regarding paying yourself a wage or salary as business owner as opposed to taking a draw or equity distribution you are not required to do either when you incorporate you may want to consider double taxation when deciding whether to pay yourself or not remember income is taxed when a corporation earns it and again when it s paid out to the owners so if you d like to delay the personal income taxes on the money it may be wise to only pay yourself when needed can an individual be a corporation the simple answer is yes a corporation can consist of just one person s corps and c corps are popular options for corporations with one or a small number of owners a regular corporation can also be just one person however llcs are often a better option when there is just one owner they can even elect for s corp taxation if it s advantageous to them the bottom linefor more complex companies looking to raise more capital have the owners avoid personal liability and gain certain tax incentives companies can opt to incorporate and operate using a different operating structure though incorporating is more expensive and requires more time to handle administrative manners there are long term strategic advantages to moving on from being a sole proprietor or partnership 