With real-world examples, charts, and tables, this handy guide will help you calculate the benefits of incorporation for your business—before you decide to take the leap. For small business owners, with
Incorporate Your Business you'll master all the fundamentals, including:
- Overall benefits of incorporation
- Tax changes under incorporation
- Various types of corporations
- Completing all the paperwork correctly
- Setting up a corporate structure
- Electing officers and setting up the board
- Holding important organizational meetings
CHAPTER 1 Why Should I Incorporate My Business? 1
What a Corporation Is, and What It Is Not 3
Who Starts and Who Owns a Corporation? 4
Reasons to Incorporate Your Business 5
Limiting Your Liability for Business Debts 5
Liability of Stockholders Who Are Also
Employees of Small Corporations 7
Save Payroll Cash by Incorporating 9
Tax Savings 10
Prestige of a Corporation 10
Ease of Transferring Ownership 10
Reasons Not to Incorporate Your Business 11
Corporations and Other Business Forms Are
Too Complicated 11
Corporations Cost Too Much to Set Up and Operate 12
My Business Is Too Small to Incorporate 13
A Corporate Form Does Not Entirely Protect Professionals 13
CHAPTER 2 How Incorporating Can Result In Tax Savings 15
Tax Savings In a Corporation? Maybe 15
The Organization of this Chapter 16
An Example of TalãK