The formation of a corporation as a business entity can help reduce your taxes and also provide peace of mind by protecting your personal assets. Here at Spiegel & Utrera, P.A. we want to help you Incorporate a Business and we have put together three advantages on how you can enjoy its benefits.
The most important reason to incorporate is to protect yourself from personal liability. When you incorporate, you are forming a legal entity that is separate from yourself as an individual. The Corporation has powers vested upon it that allows it to make all the decisions that an individual may make. For example, the Corporation may enter into leases, the Corporation may borrow money, it may buy goods and services on credit, and in all cases you are not personally liable for the transaction. If a problem arises, the only recourse would be against the Corporation, similarly, if anyone were to ever file a lawsuit for an action arising out of the business of the Corporation, that party would not be able to go after your personal assets such as your home, or car or boat etc., as long as you comply with the formalities of a Corporation. Therefore you have the peace of mind knowing that your personal assets are safe.
Tax Flexibility
One of the greatest advantages of forming a corporation is that you can elect to be taxed as a corporation. You could avoid double taxation of corporate dividends and profits by choosing Sub Chapter S tax status.
When you incorporate, you are forming a legal entity that is separate from yourself as an individual. The Corporation has powers vested upon it that allows it to make all the decisions that an individual may make. For example, the Corporation may enter into leases, the Corporation may borrow money, it may buy goods and services on credit, and in all cases you are not personally liable for the transaction. If a problem arises, the only recourse would be against the Corporation, similarly, if anyone were to ever file a lawsuit for an action arising out of the business of the Corporation, that party would not be able to go after your personal assets such as your home, or car or boat etc., as long as you comply with the formalities of a Corporation. Therefore you have the peace of mind knowing that your personal assets are safe.
Spiegel & Utrera, P.A. lawyers are qualified and highly experienced in Forming Corporations, Limited Liability Company and Sub Chapter S Corporations. For over 20 years Spiegel & Utrera, P.A. has been serving its 260 000 clients with the utmost respect and quality services. Our prices are the lowest in the industry and we guarantee a top rated service. Make sure to visit our website today for more details!
To find more information about Incorporating a Business click here:
http://www.amerilawyer.com/form_a_corporation/corporation.htm
Phone: (800) 603-3900
Email: info@Amerilawyer.com
