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Quick Guide to Incorporation

Why You Need To Incorporate Your Business
If you want to see your small business grow into a major industry player, then you need to think about incorporation. By incorporating your business, you bring credibility to your company that puts you on par with larger, more well-known companies in your market.

Whether you're looking to form a C-corporation, S-corporation, or LLC, it's important to weigh out all of your options before making the decision to incorporate your business.

Incorporation can provide several benefits to a small business owner. First and foremost, incorporation allows your business to exist as a separate legal entity from your personal life. This ensures that your personal assets will be protected from any financial mishaps that may result from your business. Incorporation also provides businesses with other financial advantages through lower tax rates and the ability to raise outside funds through stock sales.

If you're trying to build a business that will continue to be successful far into the future, then incorporation is a must. Forming a corporation allows your business to continue indefinitely, even after directors, officers, and shareholders have come and gone. If you ever decided to sell your business, incorporating it can make the transfer process much smoother. A corporation establishes value and credit independent from it's owner, making it much easier to sell.

Tips for Incorporating Your Business
Here are some things to think about as you go through the incorporation process.

- Choose a name for your corporation. Do some research beforehand to ensure that your name has not already been taken
- Decide whether your business will be an S-corp., C-corp., LLC, sole proprietorship, or partnership. Consult an attorney or business advisor to help determine which is right for you.
- Determine who the company directors will be. This information must be filed with the Articles of Incorporation.
- If you choose not to hire a lawyer to help incorporate your business, there are several resources you can take advantage of. The Web offers hundreds of sites that allow you to form a corporation online. You can also look into do-it-yourself incorporation kits that walk you through the process step by step.


Sample Description of Incorporation

"I am ready to start my consulting business and I need to set up an LLC or S-corporation. I need help selecting the proper entity and filing the paperwork."

How Incorporation Can Help You

An incorporation service can help choose the appropriate type of entity for a particular business and file the proper paperwork. If this is not done properly an individual can become liable for the company’s financial and legal liabilities.

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Businesses will be matched to a maximum of five vendors providing a competitive environment without overwhelming you with communication.

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Businesses will be matched to a maximum of five vendors providing a competitive environment without overwhelming you with communication.