General Forum

Message #23. This is a followup to #22.

Date:Saturday October 30, 2004 12:25:53 pm MDT
Subject:Re: Incorporation
Message:Don wrote:
> I heard a commercial a while ago about how incorporation could save on
> taxes. At the time, my business was too small for me to think about
> incorporation, but now it's grown and I'm becoming more interested.
> Unfortunately, I don't remember any of the details. I think the
> commercial dealt with incorporation in Nevada. Anyone know about
> this?

One of the main advantages of incorporation is the limited liability which it provides for the people involved: the people are not liable for the debts incurred by the corporation.

There are lots of resources on the web. Do some reading and find out if incorporation is right for you. For example there are actually some tax disadvantages to incorporation.

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