Continue reading "How to Incorporate"
Incorporating a business allows business owners to separate their personal identity and financial assets from that of their business. Incorporating is something any business can do, regardless of its size or number of employees. When a company is not incorporated, creditors or partnerships can seize the business owners' personal assets, such as homes, savings, or cars. However, when a business is incorporated, only the money put into the business can be seized or lost in the event the business tanks or cannot support itself financially.