Find the answers to frequently asked questions about incorporation from Active Filings, LLC: Why Incorporate? A well-incorporated and well-run company can limit the personal liability of its shareholders. Corporate assets may be at risk, but personal assets will generally be treated as separate. However, keep in mind that the Court does not automatically remove liability … [Read more...] about What is Incorporation?
Business Structure
Liability Protection and Your Business Entity
The best way to understand a corporation, limited liability company (or even a limited partnership) is to realize that each creates a special legal relationship or privilege between the business owner(s) and the government. These areas of government include: State Government (including state taxing authorities and the state court system) The Federal Government … [Read more...] about Liability Protection and Your Business Entity
Factors to Help Decide Where to Incorporate Your Business
In the process of forming your small business, you will make both simple and complex decisions. But one important decision is often made by default because the business owner doesn't realize there is a choice to be made. The decision is where to incorporate your business-what state will form the regulatory hearth and home for your new entity. Believe it or not, you are … [Read more...] about Factors to Help Decide Where to Incorporate Your Business
Incorporate Your Business: Why and Where
Incorporation is an important step in the life of a business, but unfortunately the true value of incorporating a business is often not seen until the business faces a negative situation such as a law suit or bankruptcy. Why Incorporate Your Business A primary advantage of incorporation is the limited liability the corporate entity affords its shareholders (owners). … [Read more...] about Incorporate Your Business: Why and Where
Taxation Benefits of Incorporating
Someone once remarked, "Next to being shot at and missed, nothing is quite so satisfying as an income tax refund." There's no question that saving money in taxes is high on everybody's list of financial priorities, especially self-employed business owners. However, unlike individuals who work as employees for an employer, business owners actually have the "luxury" of … [Read more...] about Taxation Benefits of Incorporating