Many small business owners are well aware of the importance and benefits of incorporation. If properly formed and operated, a corporation shields its shareholders from personal liability. Requirements in Operating a Corporation While many small business owners seek legal counsel to assist them with formation of their corporation, they may not understand the benefits … [Read more...] about How to Bullet Proof Your Corporation
Imagine going to a tasty buffet restaurant with a large selection of soups, salads, meats, and desserts. This variety is similar to the choices available to entrepreneurs looking to dive into small business ownership. Each business structure option offers something unique, and there are certain factors to weigh when making such an integral decision. RELATED: Choosing the … [Read more...] about Factors to Consider When Choosing a Small Business Structure
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 for … [Read more...] about What is Incorporation?
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
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