When is the right time to incorporate?
Many small business owners come to us and ask when and why they should incorporate. There are a number of things to consider before making that decision. Do you have assets that could be exposed to creditors? Do you own equipment? Real estate? What business expenses will you incur? Do you have employees?
The first step in answering the incorporation question is to understand some differences in the legal entities. Generally speaking, small businesses fall into three main categories: Sole proprietors, Partnerships and Limited Liability Companies (LLCs.) Continue reading “When to Incorporate” »