PASSAGE 1731)While many people in the United States choose to incorporate in their own state--small businesses especially--some states have corporate charters that are particularly beneficial to certain types of business. Nevada, for example, does not require ownership records that attach names, making it ideal for corporations interested in protecting the private identities of their owners.A number of books and websites have sprung up in recent years to aid small businesses to incorporate. There are two major benefits for most small businesses. The first is the substantial legal and fiscal protection in the event of litigation or bankruptcy. The second is a potentially uninterrupted, essentially infinite lifespan for the business. This is contrasted with a sole proprietorship, which may experience problems and complications should the owner die, while a corporation allows for the seamless passing on of the business.
Posted on: Sat, 21 Jun 2014 22:29:14 +0000
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