Incorporating means creating a structure for your business; creating a legal business entity; thus, setting it apart from an individual owner. Whether you choose to form an LLC, Corporation, or S-Corp., there are many benefits to incorporation.
Asset Protection – Separation and protection of business and personal assets for business owners. Personal assets are protected.
Tax Benefits – Tax flexibility and benefits including pass through taxation depending on the type of entity formed.
Credibility – Incorporating brings credibility and legitimacy to the business.
Name Protection – In most states, the business name is protected at the state level. Another business can not incorporate under an already incorporated entity.
Perpetual Existence – Incorporated entities can exist indefinitely regardless of change of Directors, Shareholders, or Officers.