Save Time and Money When You Incorporate Online
When you're starting or growing a business, it's sometimes hard to determine which legal status to adopt. Often, incorporation is the way to go. Whether opening a new company or incorporating an existing one, you'll find that using an online service is an easy way to incorporate. Online incorporation enables you to gain status as a corporation, limited liability company (LLC), S-corporation, etc. without having to do extensive research and paperwork. Also, time is saved because you won't have to physically visit an office to take care of your incorporation needs. You can do it all from your office computer with minimal effort.
You might be wondering, "Why should I incorporate my business?" Even if you already own a business, it's never too late to incorporate and reap the potential benefits. Many companies start out as a sole proprietorship or partnership and then formally incorporate later on. It doesn't have to be an all-in-one deal when you start a business. You can change your business status as it grows, thus, giving you ample time to reach certain goals, build customer trust and observe how well the business will fare profit-wise.
The benefits can be numerous, depending on the type of business. Incorporation offers personal liability protection, which protects your personal assets in the event of a lawsuit against your company or other financial obligations that may arise from the business. There are also tax benefits, but these are dependent upon the amount of income and tax rates. Only an accountant can determine if incorporating will be truly beneficial for your taxes. Incorporation also gives your company a "corporate identity" in the eye of the public as well as potential business associates. You'll be able to raise capital for expansion through the offering of stock in your company. Your company can also continue on after you're retired or deceased (time limited with LLCs).
There are just a few disadvantages, such as the paperwork and records that must be kept on a continual basis for tax purposes, the cost of incorporation start-up and maintenance, and liability issues with credit agreements and/or personal guarantees.
An online company can do the same for you as a local company. Online incorporation services can help you form an LLC or other type of corporation, even non-profit status. The service can help you check with your state for company name availability if starting a new venture. Also, an online service can prepare Articles of Incorporation/Organization, monitor the progress of your filing and see you through the entire process. You can stay informed by email and receive hard copies of your filed documents by postal mail. It's really a simple process if you choose a reputable online incorporation service.
If you're considering LLC formation or other ways to incorporate your business, check with an online service first to find guidance with the process. Your time is valuable...and so is your business!
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About the Author
Chris Robertson is a published author of Majon International. All Rights Reserved. Copyright 2010 (Fri May 28 2010) Majon International. Majon International is one of the worlds MOST popular internet marketing and internet advertising companies on the web. Visit their main business resource web site at: http://majon.com