Compare staying employed with becoming an incorporated consultant — money, security, freedom and time.
Being an employee or incorporated isn't only about salary. It's a choice between security, freedom, earning potential and lifestyle.
Adjust how much each dimension matters. The first 5 are normalized automatically.
0 = very low, 100 = very high. Influences the robustness of the incorporated option.
How much you want to build your own practice.
0 = very unsatisfied, 10 = very satisfied.
0 = very low, 10 = very high.
0 = closely supervised, 10 = fully autonomous.
Fill in both columns then run the analysis.
Comparison between staying employed and going incorporated.
Salary + bonus + estimated value of benefits.
Gross revenue $139,840 – business expenses $13,200 – prudent reserve. Before tax.
To offset the loss of benefits ($8,000), admin overhead and gaps between contracts, an emergency fund of around $6,600 is recommended.
Best choice: Incorporated
Incorporation looks advantageous if you value autonomy and can maintain a high billable rate.
This tool helps you reflect, not decide for you. Consult an accountant for the real tax impact.
Decision Lab Studio is an educational decision-support tool. Results don't account for the detailed tax rules of each jurisdiction and don't replace advice from an accountant, tax specialist or financial advisor.
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