Business Corporations

A Business Corporation (sometimes referred to as a "C" corporation) offers many advantages over a Sole Proprietorship (doing business as yourself). For starters, the corporation's liabilites are not your own, and therefore your personal assets are protected from judgments and collections (and the reverse is true as well).

Additionally, corporations are afforded many more tax deferments and deductions than individuals. Alternatively, an "S Corporation Election" allows your corporation's income to "pass through" the corporation to you. There may be advantages to this in your case. To learn more about the tax benefits of incorporating, you should seek the advice of a qualified financial advisor.

To learn more please click one of following:

Limited Liability Companies
Partnerships

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