Incorporate Your Business Online The Easy, Inexpensive Way


By Allen Taylor

Incorporating your small business may be the smartest thing you ever do. There are several reasons why you should consider incorporating.

First, by incorporating your business you reduce your overall liability. With a corporation you can enter into lease agreements, borrow money and purchase goods and services on credit. When you sign on the dotted line, the corporation, not you personally, is liable and accountable for any agreements entered into under the corporate name.

Also, in our litigious society you are shielded from personal loss should the business be sued. Why run the risk of being a target with your deep pockets when you can transfer wealth to the corporation and protect your family from large losses due to a judgment or twelve jurors with a chip on their shoulders?

Of course, one of the most popular reasons for incorporating is to take advantage of tax deductions not available to sole proprietors and individual taxpayers. By incorporating, you can write off travel expenses, start up and operational costs of doing business, certain types of salaries and employee compensation, insurance costs, and even vehicle expenses, leases and mileage.

Speaking of taxes, if you’ve ever been audited then you know what a nightmare it is. Incorporations are audited far less than sole proprietors, particularly if you run your business out of your home.

A corporate structure can also provide you some privacy. Shareholders can remain anonymous and you can structure your corporation in such a way that your name is absent from all public records. This is a very powerful strategy as it shields your name from shady lawyers seeking a well to tap for their greedy and unscrupulous searches for lawsuit targets.

Incorporating also gives the appearance that your business is larger. This could be beneficial if you seek investors or partners for a joint venture. Even potential customers will be impressed by the appearance of stability and security that an incorporated business offers.

Finally, a very powerful business strategy that is gaining in popularity is the easy transfer of title and property through the corporation. You can hold real estate, automobiles, stock or other assets in the name of a corporation and still control them. This allows you privacy, protection and versatility.

The corporation is the perfect tool for the entrepreneur who seeks more control, greater wealth flexibility and more security from the taxman’s hand and the lawsuit happy gold digger. It’s a strategy worth considering.

Learn more about incorporating your business online at www.incparadise.com. You can set up a Nevada Corporation for much less without a lawyer, or incorporate in any U.S. state, with less hassle and for much less than with your local attorney or law firm.

Allen Taylor is a freelance writer and entrepreneur. His personal research has led him to believe many businesses can benefit by incorporating online.


More Resources

Focus is the Key to a Successful Startup
The definition of a startup means you have very few resources to employ and little time to get them to do something valuable. The clock is always ticking, and the money (if you even have any) is running out by the day.
How A Woman Became A Successful Bill Collector In A Mans Industry And How You Can Too!
I have worked in the credit industry for over 17 years now. When I first started out, I only knew a very few women in the industry.
Adding a Service After You Buy a Business
When you buy a business, you should have a plan. Why have you chosen that particular business? Why that particular time to buy a business? What can you bring to the business? Some of the most successful business stories are of people who buy a business with the intention of bringing their specialized set of skills to it, and using them to grow the business.
Securing Second and Third-round Venture Capital Financing
Widget sales are booming - the competition is scrambling, demand is up, and the books are finally treading water. Your core management team has big ideas for the future of Widget Inc.
CHINESE TAKE-OUT: Oriental Business Principles Demystified For Online Enterprises
"The expectations of life depend upon diligence; the mechanic that would perfect his work must first sharpen his tools."- ConfuciusChinese people are well-renowned for their industriousness and extraordinary minds for business.
Selecting a Venture
The basic rule is simple: "Find a market need and fill it!" The process of finding the need, and the method chosen to fill it are where the difficulties arise.Based on our opportunity scan, does the market need a product or service that is not currently being provided? Is there a needed product or service currently being provided in a less than satisfactory way? Is some particular market being underserved due to capacity shortages or location gaps? Can we serve any of these needs with some competitive advantage?Remember that a business idea is not a business opportunity until it is evaluated objectively and judged to be feasible.
Prescription for the Future and Technological Revolutions
The world sure has changed in the last two-decades hasn't it? When I started out in business, there were no cell phones, fax machines, computers, etc. And I am not that old, having just retired at age 40.
Differentiation Strategies for Franchise Companies
With the growing number of franchise offerings recently it is difficult for the smallest franchise companies to compete. They generally do not have the advertising budgets to pick and choose which markets the franchise prospects will be calling from.
History of Enterprise Car Rentals
So few really understand the drives and motivations of entrepreneurs. Many write about them, some lecture and teach about what they are, how they operate and what they have achieved; yet so few really understand them.
The Myth of Undercapitalization - Six Ways Entrepreneurs Achieve Success in Spite of Start-Up Money
This year more than 17 million people will become entrepreneurs, according to the National Association of Self Employed (NASE). By the end of the year, 8 million of them will return to the corporate world because their entrepreneurial effort did not succeed.
Find Out If You WILL Be Successful As a Franchisee?
Will I be successful as a franchisee?One of the soundest pieces of advice to take when considering becoming a franchisee is to 'Assess Yourself'. Assess whether you can accept direction.
Strategies for Overcoming Obstacles to Discovering Your Gifts
What are the unique gifts that differentiate you from other solo entrepreneurs? The path to discovering your gifts may take a lifetime, but you can use the exploration process to begin to use your gifts NOW! Unfortunately, for many different reasons people get sidetracked or never even get started taking the actions that would help them discover their uniqueness. Here are some suggested strategies to help move forward and stay on the path of discovering your gifts.
The Entrepreneurs Dilemma
In business, you plan to protect your inventory, your unique ideas and approach, and your money. It's easy to replenish inventory, come up with new ideas and make more money.
Financial Issues in Business Startup
A primary inhibitor of business start-up is that few people have the financial cushion to give up a job for the uncertain income of a start-up venture. In a recent survey, about 30% of new business founders identified inadequate funding as their biggest hurdle, and a similar amount said lenders were too conservative.
Six Steps to Guarantee Your Business Success
Many of us slave away for years for one uninspiring company after another and dream of the day when we can sack the boss and go it alone.If you're contemplating starting your own business then I'm here cheering you on from the sidelines because the best decision I ever made was to walk away from my well paid but oh so frustratingly boring job and start my own business from scratch.
Traits of The Successful Entrepreneur
Want to know why certain people succeed and others don't. Well successful people have certain traits? Do you have them? Business has changed a great deal over the years.
Does It Really Take Money To Make Money (Online or Offline)? A Reality-Check of 2 Case Studies
The short and simple answer to this question is NO!Now, before you start screaming that I am crazy, out of my mind, have lost my marbles and all the other things that generally get tossed around when someone has the nerve to state something like that, let me clear a few things up.It does not take a monetary investment to get your business off the ground (aside from the everyday items you already have around your house).
Competitive Edge
In his book, The Road Ahead, Bill Gates of Microsoft writes of "friction-free capitalism" made possible by developments in communications, chief among them the Internet and its World Wide Web. In this context, "friction" is everything that keeps markets from functioning as the "perfect competition" of economics textbooks.
Independent Auto Detail Shop VS Biz Op or Franchise
Owning a detail shop can be an exciting and rewarding business indeed. Many times an owner of an independent Detailing Shop will wish to add those items he/she believes their customers want.
Create Your Entrepreneur Dream Team
I hear it all the time. "What should I do about .

More Entrepreneurialism Information:

Related Articles

Solo Mojo for Solo Entrepreneurs --- Where's Your Juice?
I recently read a magazine article about Andrew, a 42-year old businessman. He gave up a demanding law practice in the Northeast, moved South to launch a new furniture and interior-design store, and wrote his first fiction novel in the midst of that transition.
Interview with Best-selling Entrepreneurial Authors Barbara Winters and Nick Williams
Ray Bradbury's quote, "You've got to jump off cliffs all the time and build your wings on the way down" may sound extreme but, as anyone building a business knows, it has a lot of truth in it.As a newly self-employed journalist / writer and life coach, I found Barbara Winter's book, "Making a Living Without a Job" invaluable so when I got a chance to interview her and Nick Williams in London, I was delighted.
Dream It, Create It, Become It! Design a Dream Board
Have you ever heard of "Dream Boards" or "Treasure Maps"? A Dream Board is a visual picture of the dreams you have for your life. Some of my clients also use this concept to visualize their businesses! It's their first business plan.
What Makes An Entrepreneur Tick?
It is only natural that when you start a business, you are doing something different than most people. They not only will look at you because you stick out like a sore thumb _ but human nature will cause people to naturally ridicule what you are doing.
Documenting Partnerships in Your Business Plan
Forging partnerships to improve market penetration has become commonplace, particularly for "new economy" businesses. And, most companies proudly mention their many partnerships in their business plans.
Hurricane Katrina, Death, and a Different Type of Entrepreneurship
I've seen terrible images today on the television and internet-bodies of the elderly and infants floating in attics, buildings collapsing, seals washing up in the middle of highways. All I can say is that our thoughts go out to those in New Orleans, Gulfport and surrounding areas in this sad time.
Self-Esteem and the Entrepreneur
Isn't it funny how people think that being self-employed is so cool? They think that you get to take lots of vacation time and spend all of the profits. What they don't realize is that you put in outrageous amounts of blood, sweat, and tears to get there.
10 Secrets of Successful Entrepreneurs
Running a one-person business is a creative, flexible and challenging way to become your own boss and chart your own future. It is about creating a life, as it is about making a living.
Questions For The Entrepreneur To Be
Entrepreneurial e-gnorancePart 1: Questions for the entrepreneur to beIf you are an entrepreneur starting out, or have been around the block for some time but are yet to hit on the jackpot, you might be missing out some of the cornerstones of doing busingg through the new age media, the internet. Ask yourself the following questions and in seeking out answers to the, you may find the magic touch that could propel you to the success that drives you everyday.
Ten Traits of Successful Entrepreneurs
Successful entrepreneurs have many traits in common. Here are ten of those traits that I consider to be very important.
The Danger Of Hate
As you have shown an interest in starting a business of your own it would be safe to assume that you want to changeyour life. You want more money - more control over yourlife - more respect.
Are You Sure You Want To Start Your Own Business? Part Two of a Series
Why, exactly, do you want to go into business for yourself? Is it because you cannot stand the thought of working for an uptight, demanding, and perfectly dreadful boss?Is it because you cannot bear the thought of going through another downsizing or restructuring, knowing that your job could be on the line?Is it because you want to be your own boss, call your own shots, or see more up side in your earning potential, with the possibility of financial self-sufficiency? These are all good reasons for wanting to go into business. In fact, studies have shown that many entrepreneurs get their start due to some life-altering experience such as losing a job or finally walking away from a dead-end job or a demoralizing work environment.
Starting Your Business: It All Boils Down To Making Money and Saving Money
Bootstrapping in the context of business start-ups refers to the use of creative financing approaches such as leveraging personal savings, credit-card debt, loans from friends and family, bartering, and other means to launch a business. Some business founders use bootstrapping because they have no other choice.
My Nemisis
Living in the twilight zone has its advantages. In the early days of starting my business, I found the limitations of living in a rural area to be restrictive.
How to Be an Entrepreneur and Keep Your Sanity
Define for yourself what an Entrepreneur is:What makes you think you can start and grow a business?Do you make something that people just have to have?Are you talented in a way that make you stand out from the crowd?What makes you different from Joe Schmoe?Conduct a quick skills assessment and ask yourself what makes you stand out from the rest?What are your ultimate goals? Why are you striking out on your own?
Independent Auto Detail Shop VS Biz Op or Franchise
Owning a detail shop can be an exciting and rewarding business indeed. Many times an owner of an independent Detailing Shop will wish to add those items he/she believes their customers want.
Secrets of My Favorite Government Auction
I love bargains. And there's no better place to find bargains than an auction.
Innovation incubator: Build it and keep it running
If your company is like the one I work for, your people are talking about the need for innovation. Mine has just announced a new program "that will bring a standardized approach to gathering and evaluating your ideas for generating new revenue and improving our business.
Why Every Student Should Start a Business
With the economic downturn, students in all the major business schools have been dropping out of their entrepreneurship classes and transferring back to classes where they think they have a secure future. Students and professionals who were once planning to start businesses now have decided to go back to their cushy jobs.
Should You Write Your Own Business Plan?
If you are just starting a company and looking for funding, or looking for additional funding for growth, you will need to develop a traditional business plan. Creating a business plan is a business hurdle that entrepreneurs seem to dread.