What are the advantages and disadvantages of incorporating my business?
Incorporation can help give your business credibility and prestige, as well as protecting its owners and directors from personal liability. Additionally, the business can raise capital through the sale of shares of stock. Corporations can also be used to own property such as real estate, aircraft, and yachts for certain tax advantages and for the protection of personal assets from liability. Below is a specific list of some of the advantages and disadvantages of incorporating.
Incorporation establish your business credibility and prestige, as well as protecting its owners and directors from personal liability. Additionally, the business can raise capital through the sale of shares of stock. Corporations can also be used to own property such as real estate, luxury cars, and investment account for certain tax advantages and for the protection of personal assets from liability. Below is a specific list of some of the advantages and disadvantages of incorporating. Advantages of incorporating: Personal liability of the founders is limited to the amount of money invested in the corporation (with the exception of liability for unpaid taxes) Sale of stock for the purposes of raising capital is often more attractive to investors than other forms of equity A corporation can continue to exist after the death of its founders. Stock may be transferred so that owners can distribute their interest in the corporation without the corporation dissolving. A corporation is a le
