Start-up companies are great, especially when you have a steady stream of revenue and you're passionate about the products that you have helped to create and/or sell. As a small business owner, thinking about the next level of success is just as important as maintaining the small victories that you currently have each and every day. Therefore, you should consider incorporating your business as a necessary part of its progressive future.
One advantage of incorporating your business is the limited liability. While most people start off their small businesses as sole proprietorships, this can actually take a toll on you personally if you should fall into financial difficulty or are sued. This means that if you incur a debt, your house, car and personal assets can be seized and all the blame falls on you. To combat and avoid this level of responsibility, incorporating your business limits an individual shareholder's liability to the amount he or she has invested in the business. Instead of carrying the burden of the company's responsibilities single-handedly, you can shift the weight back to the company and protect yourself from financial strain in the long run.
By incorporating your business, you can also help to promote its longevity. What you may not know is that corporations have an unlimited life span and it will continue to exist even if shareholders leave the business or the ownership changes. Potential tax deferral is also a big advantage for small business owners seeking incorporation. Lastly, your business may also qualify for tax deductions as a corporation. And having an Inc., Corp., Ltd., or LLC. at the ending of your businesses' name can both make your business seem more professional, while also increasing business!
As a small business owner the first step is to educate yourself on where to go and who to find that can help you evaluate your business's goals and move forward with incorporation. We The People offers comprehensive and easy service that allows you to incorporate your current business and get approved by your state to conduct business. It also allows for your business to be regarded a legal entity separate and distinct from its owners in the eyes of the law.
We The People can help you prepare and file certain documents with The Secretary of State (and other appropriate departments) in your state of formation. You can form your corporation today by consulting with the experts to choose the best route for you.
To get started today incorporating your business, visit We The People, and receive 25% off from this deal!