Benefits of Incorporation

There are many benefits of incorporation. We’ve focused the last ten years on helping people like you incorporate because we believe in the idea strongly. What other way can you limit your personal liability and save thousands of dollars on taxes?

Incorporation is the way to go for every single person in the USA. It’s a right that many are not taking advantage of. We make it as simple as we can here and at our other websites for anyone to come and register their new company. It need not have employees. It need not have a focus even in most cases – that can be decided later.

Here are some benefits of incorporation that we hope push you over the edge of indecision and have you registering your new Illinois corporation online here today:

• Personal Asset Protection. If you haven’t incorporated your business then you’re acting as either a sole proprietorship or you’re part of a general partnership. Your personal liability is very high and you’re in danger of losing everything if you are sued in a court of law. However, if you incorporate the company’s stockholders, directors, and officers are not usually liable for the company’s debts and obligations.
• Transfer of ownership. Your equity or ownership in a corporation or LLC can be transferred easily to others – entirely or in part. Some states like DE don’t require the transfer to be on paper.
• Retirement funds for employees can be established easier as there are programs in place already for this.
• Companies are taxed at a lower rate than individuals are taxed.
• Corporations can own shares in other corporations and enjoy corporate dividends at 80% tax free.
• There are no limits on loss corporations can carry forward. Sole proprietorships can only claim capital losses of $3,000 or less unless the owner has offsetting capital gains.
• Generation of Funds. Selling stock is one way capital can be raised for established corporations.
• Durability. Corporations can go on indefinitely. A corporation is not affected by the death of shareholders, directors or officers of the corporation.
• Corporate Credit Rating. Over time corporations build up their own credit rating with a history separate from the individual owners.

More articles about incorporating your business:

Why Incorporate Here? – Some of you will arrive on this site and ask yourself, “Why should I incorporate…

Great Reasons to Incorporate! – Incorporation is not required. You can
operate your business as a sole proprietor…

What is a Profit Corporation? – A profit corporation is a type of
corporation. Another name that is often used for…

Incorporate your for profit corporation here.