The Main Benefits And Reasons To Incorporate Your Company

Most businesses start as sole proprietorships because owners want to get their business started as soon as possible. When the business grows, the risks grow with it and the best way to reduce these risks is to incorporate your business. You will gain many benefits when you choose to turn your business into a corporation. There are two types of corporations, C and S corporations and the main difference between them is that the C corporations can have 75 or more stockholders while the S corporations can have fewer than 75 stakeholders. Here are the main benefits and reasons to incorporate your business.