All legal and tax professionals agree, if your business is
not incorporated you may be throwing away thousands of dollars
in tax savings and deductions.
In addition, all of your personal assets such as your home,
cars, boats, savings and investments are at risk and could be
used to satisfy any law suits, debt or liability incurred by
the business. Forming a Corporation can provide the protection
and tax savings needed to give you peace of mind and make your
business even more successful and profitable.
Some Benefits Include:
Liability Protection: Properly forming and
maintaining a corporation will provide personal liability
protection to the owners or shareholders of the corporation
for any debt or liability incurred by the business. Personal
liability of the shareholders is normally limited to the
amount of money invested in the corporation.
Tax Advantages: Another important benefit is that a
corporation can be structured many ways to provide substantial
tax savings. You can minimize self-employment taxes and
increase the number of allowable deductions lowering the taxes
you pay on the income of the business. Many corporations
structure retirement and tax deferred savings plans for their
owners and employees which can provide even greater tax
savings.
Raising Capital: Sale of stock for the purposes of
raising capital is often more attractive to investors than
other forms of equity sales. A corporation can also issue
Corporate Bonds to raise capital for expenditures without
compromising the ownership of the business.
Incorporating Frequently Asked
Questions
