Incorporation is the process of separating a business owner
from his or her business. There are many different reasons
to incorporate your business, first of all, limited personal
liability. If a court judgment is entered against your corporation
or LLC, as long as you have acted in a corporate capacity,
your personal bank accounts and any other valuable property
will be protected. If a business has more than one owner,
incorporating can offer protection from any bad judgments
of your co-owners. Also, there are many tax-related advantages
given to corporations and LLCs that aren't given to sole
proprietors or general partnerships. A corporation can treat
fringe benefits given to employees, such as medical and
dental insurance, as tax-deductible business expenses. Other
reasons to incorporate include credit building and investor
attraction.
Is incorporation right for you? Not sure which
entity will suit your business? What about incorporating
in Delaware or Nevada? We are here to assist you with any
questions that you may have before making that big step.
On the left side of this page you will find important information
that will assist you with any questions that you may have
before incorporating your business.
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