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10 Advantages to Incorporating
March 1, 2007
There’s no question that hard work and a little luck is what it takes to be successful. But a little knowledge, especially when it comes to choosing the proper business structure (such as sole proprietor, partnership, corporation, Limited Liability Company) can help you stay successful.
Advantages to Incorporating:
- Owners are protected from personal liability from company debts and obligations.
- Corporations can have an unlimited life. Therefore, it may continue regardless of what may happen to its individual officers, managers or shareholders.
- Corporations are the best vehicle for eventual public companies.
- Capital can be more easily raised with a corporation. This may be accomplished through the sale of securities.
- Corporations can easily transfer ownership through the transfer of securities.
- Incorporating allows for numerous tax advantages at your disposal that are virtually impossible to accomplish with other business entities.
- Corporations are generally much easier to sell and are usually more attractive to buyers than either a sole proprietorship or partnership.
- Privacy and confidentiality. Incorporating is a great way to keep your identity as well as your business affairs private and confidential.
- Incorporating increases credibility. In today’s world, most people feel more confident and secure dealing with a corporation as opposed to other business entities.
- Incorporating might also help to get and keep good employees by offering them stock in the company.
Posted by Shanu Singh Guliani on March 1, 2007 | Comments (0)
