Full access to Entrepreneur for $5
Subscribe

Should You Incorporate?

Most people think of huge entities when they picture "a corporation." But it could be you.

Opinions expressed by Entrepreneur contributors are their own.

Owners of small businesses also form corporations, for several reasons:

  • To protect their personal finances and assets from business creditors
  • To protect themselves personally from actions of the business
  • To take advantage of "executive privileges" afforded to the corporation's employees
  • To begin business operations with a setup that provides for future growth through investors/shareholders

Excerpted from Starting a Home-based Business