Corporations


Corporation Chart
Corporations

Perhaps the most recognized business form, corporations can provide individuals with the myriad of benefits. Some of you may think that corporations are only for multi-billion dollar companies, but the truth is that the vast majority of corporations are small "mom and pop" businesses. The benefits of incorporating apply to both small and large businesses. Whether you want liability protection, tax reduction or estate planning benefits, a corporation is the cornerstone of any plan.

Benefits of Incorporating:

Major Corporate Advantages: Liability Protection: If you operate as a sole proprietor, business debts are personal debts - you are personally liable for the debts of the business and vice versa. The corporation shields its owners from personal liability.

Tax Benefits: Slash your taxes with corporate deductions. With a corporation, you have the opportunity to deduct 100% of your medical, dental, and vision expenses (including co-pays). You can use tax free dollars to buy insurance and learn to maximize your business returns by using pre-tax dollars.

Stock Ownership: Corporations are owned via stock. This makes transferring assets easy. Instead of transferring individual assets, corporations allow you to simply transfer stock. This makes a estate transfer a breeze.

Jurisdiction: You can form your corporation under the laws of any state you desire. Several states offer tremendous advantages. We can help you select the best state for you; often times, that state will be Nevada.

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