#1 Thing People ask us..

Why Should I Incorporate My Business?

So you’ve heard all this talk about how your business should be incorporated. You’ve tried to research this whole incorporating thing, but you’ve found that the more you read, the more complicated it gets. In fact, most information contains big words that you can’t figure out how to pronounce, much less what they mean. Here is what you need to know...

It's as easy as T.L.C!

Tax Benefits:

Incorporated entities have many tax benefits both on a federal and state level. The only tax advisors that would tell you anything other than this are those who do not practice or are not experts in the area of business taxes. If a tax advisor tells you that you’re too small or that you won’t receive tax benefits, you don’t need to work with that advisor; they will only cost you money and stunt your business mental health.

Liability Protection:

Incorporated entities separate the businesses life from your life. All business activity is conducted as a separate legal person; therefore, any legal actions taken against the business do not put your personal assets at risk. You do all the thinking and act on behalf of the business entity; you document those thoughts and actions within the records of the incorporated entity.

Credit:

Incorporated entities have the capability to establish credit. A business should be responsible for its bills, funding and debt. If you personally take on the debt of the company, if you extend your personal credit to the business, you will jeopardize your chances of growing your assets both on a personal and business level.

How easy was that?!