Part I: Sole Proprietorships- I am Opening My Own Business!!! To Incorporate Or Not to Incorporate

You have made the decision to go it on your own…to strike out on your own path and make your fortune. Congratulations!!! But now what? You are so excited but now all of these questions about how you want to form and run your business are weighing you down and creating endless confusion and anxiety. To Incorporate Or Not to Incorporate One of the first questions is whether you should incorporate your business or not. One of the most common factors in determining whether you should incorporate is the profitability of your business. Typically, if your business nets over $30,000.00 annually, it is highly recommended that you incorporate your business. That is all well and good but how do you know whether you will be making that much off the bat? In some cases, people can make that determination, however, in a lot of cases, you can't. If you wish... Read more