0
The process of incorporation serves a number of purposes. First of all, it provides a mechanism by which you can raise money for your business by selling stock. Secondly, it limits your liability; the corporation can be sued for money owed, but the creditors can't come after you personally if you own corporate stock (even if you own 100% of a corporation). So while you could potentially lose the business you won't also lose your house. An additional benefit is that the structure of a corporation is self-perpetuating; new directors can always be appointed to the board, as old directors retire or leave for whatever reason, and a corporation can exist long after the founder is gone, so if you aspire to create a business that will last, this is the way to go.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Why are costs important in economics?
How do firms incorporate opportunity cost to calculate economic cost? discuss and give example using an explicit economic cost and an implicit economic cost.
Where was HighScope developed?
The HighScope learning approach was developed in Ypsilanti, Michigan in the 1960's. Over time the program has evolved to incorporate modern research on brain development and cognitive ability.
A circular-flow diagram is a model that?
A)help to explain how partipant in the econmy interact with one other . B)help to explain how the economy is organized . C)incorporate all aspects of the real economy. D)Both (a)and (b) are correct
What is engendering sector policy?
Engendering sector policy is putting gender on the agend by priority intervention in strategic plans, annual action plan and activity based budget in a particular sector say ministry of health etc. then incorporate gender concerns in th
How do you distinguish between a want and a need?
if you want something you do not need it to live if you need something you use it to live like you need oxygen but you do not need to play a video game.
Rav 4 2005 and you need a kay and a ships for inmobilaizer incorporate in a car?
I have a Rav 4 2005 and I need a kay and a ships for inmobilaizer incorporate in a car?Because I can`t switch on the car
If you incorporate can you use your own money for business?
No, if you incorporate you need to send a check to the Federal Government for the amount you would like to incorporate. In a few weeks they will send you an incorporated check that can be cashed for incorporated money for use in corporations.
How to incorporate a local business?
, The easiest way to incorporate your small business is to have an attorney file the paperwork for you. However, you can also incorporate the business on your own by obtaining a Certificate of Incorporation from your local tax office. They will inform you about the steps you need to follow in order to meet your state's specific rules about incorporation.
Is there a way to incorporate bias professionally?
incorporate bias professionally?
Storytellers in the Digital Age?
can incorporate images.
Does the AA credit card automatically incorporate frequent flyer miles?
"No, AA credit card does not automatically incorporate frequent flyer miles. You will need to call the company and speak with an agent in order to guarantee that you are getting the flyer miles."
Make the sentence of incorporate?
The hotel will incorporate dancing as part of the nightly entertainment
Why you write include in c plus plus?
The #include statement in C and C++ is used to incorporate (include) a file in the compilation unit at the point where the #include statement is encountered. It is used to incorporate commonly used files, often (but not always) rarely changed files, so that the developer does not need to incorporate common code more than once in a project.
In what areas of your classroom can you incorporate writing materials?
In what areas of your classroom can you incorporate writing materials?
What is the past tense of incorporate?
The past tense of "incorporate" is "incorporated."
What will strong writing incorporate in addition to strong language and sensory description?
one simple answers is allya need its active voice
What do you need to learn to incorporate an LLC?
In order to incorporate an LLC, it must for seek to do so through an application process. This process varies in length and complexity depending on location. More information can be found through various business development websites or a business lawyer.
