• Benefits of Corporate Structure


    • Incorporating your business is a great way to protect your personal assets from company liabilities such as creditors or lawsuits. In fact, many people incorporate for this reason alone. But that’s not the only advantage.

    The corporate business structure also saves you money in taxes, provides greater business flexibility and makes it easier to seek outside investment.

    Source
    LegalZoom.com

    In order to establish Business Credit separate from your personal credit you must be a Corporation or LLC, learn more about Corporate Structures below....


      Which business structure is right for me? See our Comparison Chart.
    Incorporation Category
    		  
    Limited Liability Company (LLC)
    		  
    Doing Business As (DBA)
    • S-Corps and C-Corps
    • Can be used to build business credit
    • Taxed at corporate and individual level
    • Formal meetings and record-keeping required
    • Personal liability protection
    		  
    • Can be used to build business credit
    • Same liability protection as a corporation
    • No corporate tax, profits passed directly to owners
    • Fewer corporate formalities required
    		  
    • Not recommended for business credit.
    • Sole-Proprietor is another structure not recommended
    • Not a formal business structure
    • Required to legally conduct business under a trade name
    • Owner personally liable for debt
    Learn More   Learn More   Learn More






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