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Incorporating is one of the best ways a business owner can protect his or her personal assets. Most people choose to incorporate solely for this reason, but there are other advantages as well. For example, the corporate business structure saves you money in taxes, provides greater business flexibility and lets you more easily raise capital.

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Corporations have become the standard for many businesses in today's business environment. Not only can they help reduce your taxes, but they can also provide peace of mind by protecting your personal assets.

Before there were corporations, investors in a business risked everything if the venture turned south. If the company lost money and didn't have the cash to pay its creditors, the partners had to make up the difference with their own money. With the advent of the corporation, investors could be shielded from this type of liability, and as a consequence, more people were willing to invest in business ventures.

Our law library provides you with general information relating to corporations. We also outline their advantages, disadvantages, and how they compare to other business entities, including the limited liability company (otherwise known as an LLC). If you are considering forming a corporation, we urge you to call us or email us before determining which business entity is best for you.

If you decide to form a corporation (or even an LLC), the offices of Michael P. Rowan can make it easy and affordable. We will generate all of the legal documents you need, and we will even file the Articles of Incorporation with the Secretary of State.
 
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