Incorporating a business can offer many significant advantages to help you protect your personal assets. Limited Liability Protection: One of the key benefits of incorporation is protection against personal liability. As a shareholder of a corporation, your personal assets—such as your home, savings, and personal property—are generally protected from business debts and legal claims against […]
There are some fundamental reasons for incorporating your business: Liability Liquidity Perpetual Existence Taxation Building Credibility LIABILITY In simple terms we live in a lawsuit happy society. Law suits are more and more frequent as each year passes. In all, over 15 million civil cases were filed in state Courts each year, according to the […]
Start a Non-Profit Depending on your type of business, you might consider forming a non-profit. Most nonprofits are formed to provide a benefit to the public. This could be a social club, trade organization, or cooperative. These kinds of public-benefit companies are known as Sec. 501(c)(3) organizations, named for the relevant section of the Internal […]
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