As a mother, Im concerned about liability. Can forming a business help protect my personal assets?
Incorporating or forming a Limited Liability Company (LLC) allows you to separate your personal assets from business debts and obligations. A properly formed and maintained corporation or LLC can shield owners’ personal assets from a judgment against the business. Keep in mind that you must run your business in compliance with government rules and regulations to be fully protected. The Company Corporation offers compliance services designed to help keep you on track throughout the year. Return to top • As female business owner, which business structure (INC or LLC) should I select? Though laws prohibit us from recommending the best structure for your business, you can try our Business Startup Wizard to see what business owners in your industry and state have done. Many of our customers choose a Limited Liability Company (LLC) because of its ease of maintenance and tax flexibility. LLC owners can report profit and loss from the business on their personal tax returns. A general corporati
