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