When you start a business, you have several options to choose from to determine your business structure.
A corporation is one of those structures, and it splits into two types of corporations.
A C corp is more complex because it requires more administrative duties, reporting, and record-keeping involved than the other types of structures.
An S corp, on the other hand, are less complex and taxed more favorably than C corps.
In this video, we take a look at three benefits of incorporating. These include:
- Whether your business is a hobby
- What legal risks are involved with your business
- Whether any tax advantages exist for your
We offer examples of what types of businesses may consider incorporation because of their revenue generation or risk potential.
If you meet any of the criteria listed in this video, or you are otherwise interested in incorporating your business, we would appreciate the opportunity to discuss your opportunity.
Contact us today if you’re looking for help forming your business.