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?
CNNMoney.com Comment Policy: CNNMoney.com encourages you to add a comment to this discussion. You may not post any unlawful, threatening, libelous, defamatory, obscene, pornographic or other material that would violate the law. Please note that CNNMoney.com may edit comments for clarity or to keep out questionable or off-topic material. All comments should be relevant to the post and remain respectful of other authors and commenters. By submitting your comment, you hereby give CNNMoney.com the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying information via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNNMoney.com Privacy Statement.
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.