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Incorporations, Inc.
At Incorporations, Inc. we have helped thousands of new businesses get started in the right directions by Incorporating or forming a Limited Liability Company.
Starting your own business can be both exciting and frightening! At Incorporations, Inc. it is our desire to eliminate all of the guesswork and provide you with friendly, knowledgeable staff that can answer your questions and guide you as you proceed down the road of entrepreneurial success.
There are many advantages to incorporating your business. In most cases, owners of sole proprietorships are accountable for unlimited personal liability when it comes to business debt. Creditors can hold the owners of the business personally liable for business assets. As a shareholder of a corporation, only the money and assets he has placed into the business are at risk of loss, and in most cases no more.
A corporation is a legal entity. If a sole proprietor dies, their business ends, or may become involved in numerous legal complexities. Since a corporation has its own structure, it can continue on regardless what happens to its officers, managers or shareholders. Also, ownership of the business may be transferred through the sale of stock without disrupting operations.
Corporations can offer anonymity to its owners. For example, if a person wishes to open a small business, and does not desire his/her involvement to be public knowledge, the best choice is to incorporate. If opened as sole proprietorship, he/she will clearly be identified as the owner.
Capitol can be more easily raised within a corporation. This is accomplished through the sale of stock or other equity interests. With sole proprietorships, investors are more difficult to attract because of the personal liability issue.