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Incorporating a
business offers you several advantages including:
1-Limited personal
liability as a corporation (regardless of form) is its own legal
entity. 2-As a
separate legal entity, a corporation can establish credit
3-A corporation can potentially pay lower taxes than a sole
proprietorship taxed as an individual.
4-A corporation can outlive its founders.
5-You can more easily separate your personal and business
expenses when you incorporate your business.
There are many more
reasons to incorporation and forming your own company. The good
news is that you do not necessarily need an attorney to
incorporate as there are numerous online incorporation services
available.
The most popular form of Corporations:
1- C Corp 2- S- Corp
3- LLC or Limited Liability Corporation
4- Professional Corporation
5- Non Profit Corporation
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