When an individual launches a business, one
of the first things a person must consider is whether to incorporate
the business, and which type of corporation to create. With experience
in tax and business consulting, the professionals at Whyte &
Associates in Rancho Cucamonga, CA, have helped countless new businesses
make the best decision about incorporating.
While operating your business as a corporation does mean that you’ll have increased paperwork, it does have several advantages, including potential tax benefits and legal protections. However, there are several other reasons that businesses might consider incorporation, including:
To begin the process of incorporating your business, contact the office in your state that is responsible for registering corporations. Much of the information, such as instructions, forms, and fees, will be available online. Individuals may also want to talk with an accountant who can help guide them through the process. In many cases, this expertise will be invaluable in ensuring a smooth and successful transition, as well as determining which type of incorporation is best. For example, some businesses may be well served with an LLC structure, the least complex incorporation, while others will benefit from an S- or C-corp.
For more information, call Whyte & Associates today at (909) 575-0080.