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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.
Links:
  1. https://www.readysetincorporate.com/faq-items/what -is-a-corporation/
  2. https://www.readysetincorporate.com/faq-items/what -are-stockholders-and-shareholders/
  3. https://www.readysetincorporate.com/faq-items/what -are-officers/
  4. https://www.readysetincorporate.com/faq-items/what s-a-director-and-whats-the-difference-between-a-di rector-and-an-officer/
  5. http://www.davidherzoglegal.com
  6. https://www.readysetincorporate.com/faq-items/what -is-an-llc/
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

Export date: Thu Apr 18 0:05:23 2024 / +0000 GMT
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