| You are wondering as a new business owner, if | | | | business are: |
| whether it’s worth the time and money to | | | | Credibility- When your business is incorporated, other |
| incorporate your business. Your friends and business | | | | businesses take your company more seriously. This is |
| colleagues are encouraging you to exploring the idea | | | | especially important if you are dealing with affiliate |
| of incorporating your business. Incorporating your | | | | programs or other companies. Some companies will |
| business is an important decision if you are looking | | | | not issue a 1099 form unless you are an incorporated |
| toward expanding your small business in any way, | | | | business. This shows that you are serious about your |
| shape, or form. In most occurrences, incorporating | | | | business, and that it’s past being just a hobby. |
| your business is an excellent idea for several reasons. | | | | Health Insurance- As many small business owners |
| First of all, when you incorporate your business, | | | | know that the costs of health insurance premiums |
| some liability protection is obtained. Secondly, if your | | | | are expensive for individuals. When your business is |
| business runs into the problem of the inability to | | | | incorporated the cost of health insurance is greatly |
| repay a debt, not only do the creditors go after the | | | | reduced due to corporate rates. Furthermore, |
| corporation itself, but if the corporation does not | | | | incorporated companies are not required by health |
| have the money to pay the creditors, then the | | | | insurance agencies to individual physicals to determine |
| creditors will not be paid. That may even include if | | | | coverage. You could be entitled to corporate |
| the shareholders who may run and own the | | | | insurance rates as long as you have a group of two |
| corporation have money. These are the top five | | | | or more employees. |
| reasons as to why you should incorporate your | | | | |