Deciding to Incorporate: Overview
Corporations have been a popular business structure for many years. They offer powerful liability protections, flexible tax options, and are extremely popular with outside investors. Corporations are commonly chosen by companies that expect to grow, get the attention of investors, or eventually be traded on stock markets. Corporations can be as small as a single person, or large enough to span the globe with international operations.
This comes at a cost, however, as corporations are among the most heavily regulated business structures, and are required by law to follow formalities not enforced on other business types such as limited liability companies. Consider the advantages and disadvantages of forming a corporation, and how they compare to other business structures, before you decide if a corporation is right for you.