Today, corporations have become the gold standard for starting a business. The corporate business structure can help reduce your taxes and help protect you against the threat of personal liability. Other advantages of a corporation include:
Self-employment tax savings, which can amount to thousands of dollars annually
The ability to offer a wide range of benefits such as medical reimbursement plans, 401k and other retirement plans
Better access to capital from investors and from banks
Shareholders are not typically liable for corporate debts
All LegalZoom incorporation packages include personalized bylaws with provisions to help safeguard your personal assets against liability.