Incorporating Your Business: Why, When And Where To Incoroporate
By Joaquin Reveron
As your business grows it is likely you will find that you need to grow the structure of the business to meet the demands. Many small businesses start out as a sole proprietorship, meaning you are responsible for everything, but soon with increasing income, partners and the need for more capital you may find it is time to change the legal structure to take advantage of tax savings, liability concerns and the ability to raise capital to expand.
Corporations provide the ability for a business to raise capital through share offerings, to exist as their own entity and reduce the personal liability of its owners and shareholders. In addition, there are tax advantages that come with bein...
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