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Let me start by saying that not every small business should incorporate. Incorporation provides several key benefits to business owners, managers and entrepreneurs (more on this in a moment). But incorporation also burdens a business with extra taxes, extra paperwork, and more complicated accounting. Accordingly, if you own or operate a very small business, perhaps a business you’ve just started, don’t rush to incorporate. Take time to consider not only the benefits but also the costs. Verify (by doing research using business incorporation service web sites such as this one) that you’re not creating a bunch of busy work for yourself. Now that I’ve issued that warning to you, let me identify the two big benefits of incorporating your business…

 

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