Tag Archives: incorporating

Incorporating With an S Corp

Incorporating sounds intimidating, and in a lot of ways it is. The taxes for most types of corporations are complicated and have to be filed quarterly. If you don’t have the money for an accountant, and you can’t see going through tax time four times every year, then the S Corporation might be right for you. The technical aspects of the taxes are a little beyond me, but I do know this- you only have to pay once a year. It’s not much more complicated than filing personal income taxes, and I haven’t found much difference between filing for an … Continue reading →

Having a Home Corporation

Getting a business license isn’t terribly hard. Most courthouses can tell you how to do it and it usually doesn’t cost much. But there are times when you might want the protection of a corporation instead of a standard business. If you have any issues where you think there may be liability issues, incorporating your business can certainly protect you from losing your assets. If someone sues you as the owner of a small business, even with a business license, there is the possibility of losing your home, car, dog, anything of value that you may have. A corporation shifts … Continue reading →