Should You Incorporate?

What's Hot


How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

Study: People Who Curse Are More HonestFamily

8 Creative Ways to Clear ClutterAround The House

15 Things You Should Always Buy at a Dollar StoreMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

5 Reasons to Shop for a Home in DecemberFamily

This Free Software Brings Old Laptops Back to LifeMore

Should You Donate to Wreaths Across America? A Lesson in Charitable GivingAround The House

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

10 Free Things That Used to Cost MoneyAround The House

7 New Year’s Resolutions to Make With Your KidsFamily

10 Simple Money Moves to Make Before the New YearFamily

The 3 Golden Rules of Lending to Friends and FamilyBorrow

Most small business owners will face this question at sometime in their careers: Should I incorporate? If so, do I use a lawyer or a web site? INC or LLC? What, exactly, are the benefits to incorporating?

Most small business owners will face this question at sometime in their careers: Should I incorporate? If so, do I use a lawyer or a web site? INC or LLC? What, exactly, are the benefits to incorporating?

If you think that, by incorporating your small business, you’ll enjoy some form of tax benefit, think again. We talked to one attorney who told us that there is little to no tax benefit to incorporating. So don’t think of a corporation as a tax shield, but do think of it as a legal shield.

By incorporating, you protect your personal assets from any legal danger your company might fall into. If you run a high risk business, or are likely to be sued, definitely check out incorporating.

Another time you may want to incorporate is if you have partners. You’ll spell out exactly who owns what, and who owes what.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 6 Ways to Make Cheap Foods Taste Delicious

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,894 more deals!