To incorporate or not to incorporate, that is the question
Posted on May 14th, 2008 in Uncategorized
I am just a small time blogger for now, but as my revenues grow, I will eventually be faced with this question. From a legal stand point creating a corporation has its advantages. One way to look at it is you are creating entities that have to pay taxes. Also these new entities can get loans, have a credit standing, and can give loans as well. Just like in life these entities can be sued. By creating a corporation, you are essentially adopting a child who will insulate your business liability.
When it comes to S corporations C corporations, and LLCs I would recommend that you seek the advice of a professional in this field. I found this site entity formation in San Diego, it looks very professional and is who I will contact when I am ready to incorporate. Because to me taxes can be much harder than creating web sites using open source software. How cool is it that an accounting office can be reached, and consulted across the void of cyberspace. They use apache web servers as well.
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