Do I need to Incorporate?
This article was written for all the small business owners that don't think that their business is big enough to incorporate or they don't know the advantages of incorporating.
Incorporation can be very important to the success of a growing business. With incorporation of your business comes a sense of stability and growth. This stability and growth is often looked at by potential customers and investors, when determining whether to do business with or invest in your business.
Another upside to incorporation of a business is protection. Incorporation gives the business owner protection from creditors that loan money to the business. The corporation itself is responsible for debts incurred by the corporation. This is very important in case your business fails, because the owner is holds no personal liability.
The whole incorporation process is not as complex as you might think and it can be done with ease. One of the most common mistakes made by small business owners are thinking that they are too small to incorporate of they don't have anything to protect.
You don't have to be a 500 employee business to benefit from incorporation. Many small businesses that incorporate only have one or two employees. Many of these businesses thought that they had very little to protect, so they originally decided not to incur the extra expense of incorporation.
However like most small businesses they found out that they had assets to protect the hard way, when they were being sued. Don't let yourself be held liable for the debts or liability of your small business. If you are in the Houston area, visit our website below and protect yourself and your property. Good luck in everything you do and remember a few dollars in the beginning can save you thousands in the end.
The Law Office of Albert Lee Giddens
Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHOR
This article is based on my experience in the legal field and my legal education.