Should You Incorporate Your Business? 07/23/2014Posted by Morse Barnes-Brown Pendleton in Venture Capital & Private Equity.
Tags: business structure, corporation, entities, incorporation, llc, llp, sole proprietorship, state filings
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By: Hillary Peterson
70% of all businesses in the country are organized as a sole proprietorship, but operating a business as an unincorporated entity is not without its disadvantages. Because of this, it is important for any business owner to consider forming a separate legal entity, such as a corporation, limited liability company or partnership, regardless of the size or nature of the business. There are a number of significant benefits to forming a corporation or LLC, including:
- Protection of Personal Assets
- Ability to Raise Capital
- Perpetual Existence
- Flexible Tax Treatment
- Additional Credibility
Learn more here.