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Originally posted by drew hempel
reply to post by lilwolf
The only bad person is a corporation. Thanks for asking.
There are many reasons unincorporated self-employed choose to incorporate. Tax benefits, liability protection and customer expectations are all good reasons for the self-employed to create a corporate entity. Creating a corporate entity can also help the self-employed to gain access to credit and protect their consumer credit rating. And, of course, it much easier and cheaper to set up a corporation today than it was in the past. LLCs in particular require little cost and effort to set up and administer. We expect incorporated self-employment to continue to grow its share of total self-employment over the next few years.
As of 2008 (2004 statistics), the World Bank has estimated that there were an estimated 982 million poor people in developing countries who live on $1.25 a day or less (World Bank, Understanding Poverty, Chen 2004). This compares to the later FAO estimate of 1.02 billion undernourished people. Extreme poverty remains an alarming problem in the world’s developing regions, despite the advances made in the 1990s till now, which reduced "dollar--now $1.25-- a day" poverty from (an estimated) 1.23 billion people to 982 million in 2004, a reduction of 20 percent over the period. Progress in poverty reduction has been concentrated in Asia, and especially, East Asia, with the major improvement occurring in China. In Sub-Saharan Africa, the number of people in extreme poverty has increased.
You're in the TOP 0.001%
richest people in the world!