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The primary advantage of incorporating your business is the limited liability the corporate entity affords its shareholders. The key to successfully start any new venture or build a stronger foundation for an existing one is its legal structure. There are a variety of structures for a business to assume each having its own unique set of advantages and disadvantages.

A corporation ideally is the best legal structure for a business today. A corporation is a legal entity that exists separate from its owners (shareholders). Principally, shareholders are not liable for the debts and obligations of the corporation. Consequently, creditors will not come knocking at the door of a shareholder for debts of the corporation. In a partnership or sole proprietorship the owner's personal assets are most likely used to pay the debts of the business. To avoid this liability you should form a corporation

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Corporate Benefits

Limited Liability

Special Irs Tax Bracket

Separate Legal Entity

Purchase Real Estate

Continuous Existence

Corporate Credit

Raise Capital

Lease Cars/Trucks

Corporate Status

Write off retirement Saving

Professional Status

And more....

 

 

 

Now that you’re incorporated establish credit for your business needs. Establishing corporate credit for your business is highly important and necessary for sustaining financial stability and producing a strong foundation for maturing your business.

Corporations can establish credit in much the same way as an individual. Corporate entities can acquire loans, leases, and line of credit all on there own merit. A corporation can buy houses, cars, boats and literally anything you and I can as individuals. The corporation can build a solid credit profile that is completely separate from the shareholders and its officers.

 

 

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