Advantages to Forming a Corporation for Small Business Owners
A corporation is a legally created body that serves to separate the operations of a business from its owners. The act of incorporation is a form of business registration that accomplishes that fact and allows the liabilities of a company to be legally registered with the state. When a business is incorporated it also has to have a defined management and organizational structure and must meet certain conditions in order to maintain its corporate status. In order to become incorporated the officers of a company must file articles of incorporation with the state and pay all applicable filing fees, levies and other registration costs. In most states it is not legally required to have a lawyer in order to incorporate but most businesses use their lawyers and accountants to prepare the articles of incorporation for the business. There are many advantages for a business to incorporate.
