Incorporation Saves Your Small Business Assets

Posted by hishaman under Taxes
From http://www.famousbloggers.net 4254 days ago
Made Hot by: sundaydriver on April 4, 2013 12:19 pm

Save state taxes and increase asset protection for Small Business. Delaware, Nevada and Wyoming are the three best states in which to incorporate.

Who Voted for this Story

Top BizSugar Users

This week's most active BizSugar users. Join Them!

Comments

Written by tiffanycwright
3905 days ago

I have written several articles on the danger of operating as a sole proprietor, which is the most widely used business form in the U.S. I am a huge advocate of incorporating, forming an LLC or creating another separate legal entity in which to house your business - whichever best fits your business and objectives. Too many people just start operating a business without first considering the potential issues.

Your article points out some of those issues and provides a good overview of the incorporation options that exist. Thank you!

Tiffany C. Wright

The Resourceful CEO

- 0 +

Written by AngelBiz
4249 days ago

It's amazing how many novice entrepreneurs forget this important advice and end up paying huge price. The single most important reason to incorporate is for personal asset protection. Without it anyone can come after your personal assets and as we all know there is no shortage of scammers in this world.

You comparison of three states is quit useful. Everyone knows about Delaware, but not many people are aware of the benefits offered by Nevada and Wyoming.

- 0 +

Written by HeatherStone
4253 days ago

Hi Elaine,

Food for thought. Entrepreneurs should carefully consider the options when incorporating their businesses. Do your research to make sure you make the best choice for your business needs.

- 0 +