Butch, single, operates a sole proprietorship with net income of \($145,000.\) Butch’s taxable income is also \($145,000\) including the income from the sole proprietorship. Butch is considering incorporating his business. Calculate the income tax liability for Butch as a sole proprietor (ignoring self-employment tax) and as a corporation in 2023. List two other factors that Butch should consider before deciding to incorporate.