Читать книгу Start & Run a Graphic Design Business - Michael Huggins - Страница 51

The biggest advantage of a corporation structure is that the company is seen as separate from its owner(s) in the eyes of the law. That means if you properly charter the corporation, any legal action taken against it won’t endanger you as the shareholder (person who owns shares in the corporation) beyond what you currently have invested in it. A corporation owns all the assets of your business (from the money in the bank to the paperclips in your holder). You can set up one or more people to own the corporation. Plus, there are tax benefits available to you under this structure that are not available to you under any other structure.

If you are interested in incorporating, you’ll need to follow the laws and procedures of your particular state. You can still have your corporation to operate in other states as long as you are registered to do business in those states.

The downside is that setting up a corporation structure is going to cost you more. You’ll need to pay a lawyer to counsel you and lead you through the process. There are different incorporated structures available to you (subchapter “S” and subchapter “C”) each with their own unique differences and tax advantages. Again make sure you seek counsel from your accountant and your lawyer as to which structure best suits your needs. Don’t overlook the fact that your bookkeeping will become more complex (and therefore more expensive) so you will probably need to hire an accountant to help you on a scheduled basis.