One component of the great American dream is to own your own business and make a good living from it. It’s the ultimate win-win: your customers and clients receive needed goods and services and generate a great livelihood for your family and employees if you have any.
Many people start up their businesses as sole proprietors. Before long, the business is thriving. They understand that creating a business entity may be in their best interest.
There are three primary types of incorporated businesses: The limited liability corporation (LLC), the S-Corp, and the C-Corp. Each of these can be structured in a variety of ways.
The best time to incorporate is when you are ready to gain the benefits of doing so. Incorporation may involve complexities and legal ramifications. Many people lack full knowledge about these matters. Because of that, professional assistance in setting up a business entity is almost always a prudent move.
The team at Whyte & Associates, Inc, in Rancho Cucamonga, California, would be happy to apply their expertise to your situation. They are located at 10370 Commerce Center Drive, Suite 130. Give them a call at (909) 575-0080 to discuss your particular business situation.