Incorporate Services v. Do It Yourself
Self Prepared filings get rejected 7x more than one submitted by a professional incorporate services business.
The main reason to incorporate a business entity or form an LLC versus operating a business without a legal entity (which is called a sole proprietor structure) is for personal asset protection.
In today’s business world, starting a business can be a profitable endeavor but it is also a risky journey that will be filled with uncertainty and potential problems that must be resolved.
Without the use of a corporation or a limited liability company, the business owner puts his personal liability at risk which means he or she can lose his home, personal savings and any other assets he may accumulate in the future if a business issue might cause a problem in the future.
The business entity laws give you this protection but only if you incorporate once of these entities in strict compliance with your state’s legal requirements.
Anyone can study the state laws and learn the rules and requirements necessary to incorporate a business himself. If you do this, you must double check all your research and your filing to ensure it is not deficient in any way.
This process takes a lot of time and you still may not feel totally comfortable with your self prepared filings. Limited liability proteciton only exists if you have a valid incorporated business to start with.
You do not want to find out later that there was a deficiency. This can cause fees and penalties but even worse, potential loss of liability protection or unintended tax consequences.
If you us an experienced incorporate service to handle this for your business, you save time and gaine peace of mind. Look for one that provides a compliance guarantee for extra comfort.
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