Incorporate
Why Incorporate?
The Top Six Reasons for Incorporating Your Business
When deciding which kind of corporation fits your business strategy, consider some of the different benefits that each kind offers.
S Corporation:
C Corporation:
Limited Liability Company (LLC)
The Top Six Reasons for Incorporating Your Business
- Personal asset protection
- Tax flexibility and incorporation tax benefits
- Enhanced credibility
- Brand protection
- Perpetual existence
- Deductible expenses
When deciding which kind of corporation fits your business strategy, consider some of the different benefits that each kind offers.
S Corporation:
- Elimination of double taxation of income
- Investment opportunities
- Once-a-year tax filing
C Corporation:
- Unlimited growth potential through the sale of stock
- No limit on the number of shareholders
- Tax-deductible business expenses
Limited Liability Company (LLC)
- Simplicity
- No residency requirement
- Structure flexibility