Should You Incorporate Your Business?
Thursday May 8, 2008
In the Small Business Forum, "EnaKew" writes:
"I've incorporated four times and three are still running (two in business consulting, one in health insurance and one in real estate). I don't find corporations very difficult or expensive to set up and they're definitely easy to shut down.
Aside from doing a tax return there isn't much additional administration. I recommend getting a good accountant. I'd skip the lawyer in setting it up unless there is something really unique about your business. I've found most small businesses are actually very similar...read more...
What do you think? Is incorporating the right thing to do? Comment below or in the Forum.
More on Incorporating Your Business:
"I have a successful home based gift basket business... I am at the point where I will be doing this hopefully full time soon and I am wondering the benefits of incorporating.""Proterozoic" says:
"I've incorporated four times and three are still running (two in business consulting, one in health insurance and one in real estate). I don't find corporations very difficult or expensive to set up and they're definitely easy to shut down.
Aside from doing a tax return there isn't much additional administration. I recommend getting a good accountant. I'd skip the lawyer in setting it up unless there is something really unique about your business. I've found most small businesses are actually very similar...read more...
What do you think? Is incorporating the right thing to do? Comment below or in the Forum.
More on Incorporating Your Business:
Comments
No comments yet. Leave a Comment