Here are three excellent reasons to incorporate:
1) Protect Your Assets
When you incorporate or form a limited liability company (LLC), you protect your assets including your money and home. As long as you follow the corporate formalities your company is legally separate from you as an individual so that any debts or liabilities do not put your bank account or home at risk.
2) Pay Less Taxes
There are often tax benefits to incorporating or forming an LLC that allow you to save money by paying less in taxes.
3) Enhance the Perception of Your Business
If you plan to have employees or seek investors incorporating or forming an LLC is usually a first step in enhancing the perception of your business and demonstrating that you are business savvy.
Click here to find out more about incorporating your business or forming an LLC.