Incorporating Your Home Business
Incorporate Your Own Business
Do you have a small business or plan on starting one? Many
people who have small businesses keep them sole proprietorships
because they think it is too complicated and/or too time
consuming to incorporate the business. It is true that
incorporating a business does take work, and can cost money, but
it really does pay to incorporate your business and you can do
it easily by your self without the help of a lawyer.
There are two ways you can create and incorporate. The first way
is to hire a lawyer and pay about $500 for him or her to create
all the necessary materials and register your company. This can
take up to a few weeks, but it is relatively easy and not that
expensive.
The second way to create a corporation is to buy a do it
yourself guide to forming a corporation. These books are simple
to follow and do not require a degree in law or business. The
best thing is that if you can follow their simple directions you
can create a corporation for a couple of hundred dollars max.
Not only does a corporation protect your personal assets, but
there are plenty of tax breaks and incentives that are available
to corporation. If you have a small business or thinking of
starting one- incorporate it.