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Questions To Ask Before Incorporating

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Legal Structure

Questions To Ask Before Incorporating

Before you decide to incorporate, ask yourself

How much risk are you willing to absorb?

If something happened to the principal(s), how long would the company be able to function?

What legal structure would offer the greatest flexibility in terms of administration?

How will the laws of the incorporating state influence your decision on method of incorporation?

What are your prospects for attracting capital?

What is the goal of your enterprise?

Are you willing to share control of the business with outsiders?

Is there a tax advantage or incentive for you to incorporate?

* Source Streetwise Small Business Start-Up

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