I am in the consulting business and would like to have some advice on incorporating. Basically, I want to spread the income among family members so that the tax on each one of us becomes less.
I have obtained the necessary forms from the local registry for incorporating and would like to know whether I should add my family members as directors or shareholders. At the end of the day, I want to pay dividends. Basically I want the family to end up paying less tax. Also please advice the advantages between a numbered company and one with a name. Also please address other issues of importance on annual tax returns and other things. Please advice and THANK YOU.
Anthony