Friday, October 10, 2014
Why is incorporating a business important?
Incorporating a business means turning your sole proprietorship or general partnership into a company formally recognized by your state of incorporation. When a company incorporates, it becomes its own legal business structure ─ set apart from the individuals who founded the business. Through incorporation, the company's owner or owners create a separate legal entity to transact business. This new business entity ─ corporation or limited liability company (LLC) ─ transforms the way the business is seen through the eyes of the law and often has more credibility with potential customers, vendors and employees. Learn more here