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Incorporating Your Business

Startup
Guide
05/05/2017

Chances are good that your business is a sole proprietorship. A little over 70 percent of all American businesses are, according to the most recent data from the U.S. Small Business Administration. But sole proprietorships have some drawbacks. In this quick guide, we'll show you how those flaws may be overcome by incorporating your business.

What You'll Learn

  • Why you should incorporate your business
  • The benefits and drawbacks of popular incorporation types
  • Points to consider when choosing a state in which to incorporate
  • How to begin the incorporation process
This website contains articles posted for informational and educational value. Paychex is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, Paychex. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant.
Paychex is committed to providing resources to the Spanish-speaking community. To ensure we are providing the most up-to-date and accurate information, some content on this website will be shown in English, and will be provided in Spanish when available.