Incorporation is scary for anyone who has not done it before. It is not something that you just do in more normal circumstances when you are working the W2 9-5 life. However, the tax and personal finance benefits greatly outweigh these fears and is a vital piece in the finance toolbox which could shave years off your path to financial independence.

This article is base on several posts on the ChooseFI facebook group in which there was a lot of confusion and uncertainty about incorporation and how incorporation works. This post intends to clarify those specifically for the USA audience.

Rewards and other cards with points systems and long lists of benefits can vastly enhance a FI/FIRE plan with the savings and purchase protections that come built in. These cards can also be a ‘nice perks’ part of your financial independence and early retirement plan if used correctly.

Higher-end rewards cards offer an array of nice savings, reimbursements, insurance and other financial protections that someone on a ‘cash’ only budget would not have access to. However, care needs to be taken with any kind of credit and in order to properly use these cards you will need a plan so you don’t get lost in the weeds and end up not getting the sign-up bonus points.

But first, lets clarify what it is we are going to be doing.