The Benefits of Incorporating for FREE!

If a business, which is mixed with personal assets, suffers losses, the owner is bound to lose everything. When personal assets are not involved with business the owner can always rely on these assets if the business suffers a set back. Allowing The Corporate Company to help form a corporation for you is a step towards protecting you from liabilities or expenses you incur.

Once we get you going and you are incorporated, it receives the status of a separate legal entity. It is a lot like a person, which can sue, be sued, and enter into contracts. This helps to establish and increase the credibility of the company among its employees and customers. Below is a list of benefits for owning a corporation. (Follow The Corporate Company on Twitter "myinc", for daily tips for you business).

1.A corporation offers limited liability protection to its owners. Owners are not liable for any obligations or debts of the corporation. This applies as long as the owners have not signed a personal guarantee, do not have joint account with the business, and the business doesn't violate any state laws or default on its taxes.
**Special note about this goes to those new owners who are trying to cut corners with the banks and not open a separate bank account for operating your business. Sharing accounts with your business clearly removes the benefit of the incorporation which protects you personally from the business' liabilities. So, keep them separate!

2.Corporations can deduct business-operating losses without restrictions.

3.Corporations can split income with shareholders to lower the overall taxes. This method is referred to as income shifting.

**(Wouldn't it be great if you as an individual taxpayer could "income shift"? Just give money to a friend and reduce your tax burden? Incorporating adds this benefit to your business to ensure its viability over the short term).

4.Medical and life insurance, education, childcare, retirement plans, travel, entertainment, and other benefits are deductible and tax free to the employees. In most States, these advantages apply even if the corporation has only one employee.

**(If you're interested, my team at The Corporate Company will let you know if you qualify in your state).

5.Businesses owned by sole proprietors are subject to frequent IRS audits whereas this is rare with a corporation.

6.Corporations enable people to accumulate assets and wealth at corporate tax rates, which are considerably lower than individual tax rates.
**(This is especially true with those 501(c)3 organizations, Churches, social organizations and etc.).

7.A corporation continues to exist despite the death, withdrawal, or bankruptcy of one of its shareholders.

8. A corporation offers financial flexibility making it easier to run a business. It can easily raise capital by issuing stocks and bonds.

9. Shareholders in a C corporation can transfer or sell shares without restrictions.

10. A corporation can obtain credit without a personal guarantee. The development of business credit is another benefit of incorporating.
**(Whereas your personal credit history may have suffered some dark spots, you can give your business the oxygen it needs by incorporating and obtaining credit that way).

It is simple to dissolve a company if there are no out standing debts in its name. Several States like Nevada do not tax Corporations, which makes incorporating more appealing to people.
Because of the benefits provided to the companies opting for incorporation, even small businesses with just one employee are incorporating. Contact The Corporate Company determine the benefits offered through incorporation for your business. Small business owners enjoy the ability to separate their personal assets from the business, let us show you how! Its FREE, what do you have to lose?