If you’re just starting out your business, or even if you’ve been in business for a while, you may have thought about forming a corporation. However, you may not know what’s involved in incorporating a business, or what the benefits and risks are of incorporating. Fortunately, incorporation isn’t as scary or difficult as it’s sometimes made out to be, and your business may be able to benefit immensely by incorporating. Continue reading “The Benefits of Forming a Corporation”
Choosing the Right Business Entity Part II: Corporations and LLCs
Starting a business can be difficult; determining how to set up your business can be even more difficult. When planning to start a business, it is important to keep in mind if you’d like to enter into a venture with another person or if you’d like to start solo. The two most basic types of business, sole proprietorships, and partnerships were discussed in Part I of this article. In this part, we will discuss a type of business that you can start as an individual or with multiple owners and/or investors, namely corporations and Limited Liability Companies.
Continue reading “Part II: Corporations and LLCs”