Advantages to Incorporating in Delaware
Establish a Corporate Identity.
Incorporating your business means you are serious about the
business you are doing. It adds substance to your product, service
or venture. It communicates stability, authority and professionalism.
Protect Your Personal
Assets.
Incorporating your business separates your corporate assets
from your personal assets so your personal assets are not at
risk. By incorporating, you normally shield any assets that
are not part of the business, such as your home, car, personal
bank account, etc.
Take
advantage of Tax Savings
Avoid double taxation by incorporating your business venture.
One of the most useful steps the owner of a small business can
take is to establish a Subchapter S corporation. By doing this
he can avoid the double taxation that occurs when corporate
income is subjected first to federal income tax, and then taxed
again as personal income when it is returned to shareholders
in the form of dividends. |
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