April 7, 2008, 4:50 pm
Why you should incorporate your business
Mary Ebsen asks how to protect her personal assets by incorporating her business. What is the best option for Mary's company?
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Incorporating is having advantages such as
. Liability protection it offers to its shareholders. For most purposes the individuals that own the corporation are not liable for the debts and obligations of the corporation.
. The corporations life is unlimited. A corporation does not cease to exist until it is dissolved with the state.
. Centralized management.
. Capital can be raised through the sale of the corporation stock.
Online incorporation services are available on the internet which will make things easy.