One of the first decisions you face as a new business owner is whether or
not to incorporate your business. The biggest advantage of incorporating is
limitation of your liability. Your responsibility for debts and other
liabilities incurred by a corporation is generally limited to the assets of the
business. Your personal assets are usually not at risk, although there can be
exceptions to this general rule. The trade-off is that there is a cost to
incorporate and, in some cases, tax consequences.
Consult our office and your
attorney for guidance in selecting the legal entity that is best for your
business.
