Ready. Set. Incorporate! https://www.readysetincorporate.com/faq-items/why-should-i-form-a-corporationllc-for-my-business/ Export date: Thu Apr 18 0:05:23 2024 / +0000 GMT |
Why should I form a corporation/LLC for my business?Corporations 1 provide liability protection for its owners 2, as well as its officers 3 and directors 4, with some exceptions. So, there's that. Insurance covers some things, but not all. And sometimes a corporation won't help you . . . for example, if you're a lawyer 5 and you commit malpractice. That's on you, individually – corporation or not. Tax may also drive a reason to incorporate or organize as an LLC 6. |
Excerpt: Corporations provide liability protection for its owners, as well as its officers and directors, with some exceptions. So, there’s that. Insurance covers some things, not all things. And sometimes a corporation won’t help you . . . for example, if you’re a lawyer and you commit malpractice. That’s on you, individually – corporation or not. Tax may also drive a reason to incorporate or organize an LLC. |
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Post date: 2015-06-15 16:24:15 Post date GMT: 2015-06-15 23:24:15 Post modified date: 2019-11-05 16:35:14 Post modified date GMT: 2019-11-06 00:35:14 |
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