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The Benefits & Costs of Incorporating Your Business

 
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smith432



Joined: 24 May 2012
Posts: 347

PostPosted: Sat Dec 09, 2017 8:59 am    Post subject: The Benefits & Costs of Incorporating Your Business Reply with quote

Many new online business owners aren't sure if they should incorporate, what their business structure options are, what incorporation might mean for the business, or even what they need to do to form a company. Incorporation describes the process of creating a new business structure where that business becomes a recognized entity or person under the law. Once created, this new legal entity can be treated separately from its founders or shareholders, potentially reducing liability for it's shareholders and gaining other benefits that could help the business grow and thrive long term.

There are plenty of benefits to incorporating your business. Here are the most important you should be aware of:

Protection of personal assets
Transferable ownership
Pay less taxes
Increased durability
Separate credit rating regardless of an owners personal score
Easier to create retirement plans


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