Tag: Risks of Incorporating

Separating Fact from Fiction Regarding the Risks of Incorporating Your Business Don’t let the so-called risks of incorporating your busines stop you from taking your small business to the next level. While nothing comes without risk, the benefits of becoming a corporation or an LLC are far too great to ignore. The number one goal of incorporating is to create a clear separation between the business and the owner. However, making mistakes in the paperwork or rushing through the process…

Did you know the risks of incorporating can be both high and costly if done incorrectly? Filing to create an LLC is a relatively simple process; however, the risks of incorporating incorrectly are significant. A Limited Liability Corporation (LLC) is a business structure under which you can create a business. LLCs protect the business owners by limiting their liability in the event of legal action against the company. Owners of the company are referred to as “members” of the corporation.…