Incorporation Lawyers

Small business owners expose themselves to great financial risk if they don’t take the proper steps to incorporate their business. Businesses which are run as sole proprietorships or general partnerships do not protect the owner’s personal assets from debts incurred by the business. By incorporating your business, you can insulate yourself from legal and financial liability since you will only be held liable to the extent of your corporate investments.

Incorporating your business is a simple and inexpensive process that will ensure your personal assets will not be touched if your business falls on rocky times.

Benefits of Incorporation

The benefits of incorporation include:

• Limited liability – You will not be personally responsible for the debts of your business. As a result, creditors cannot pursue your personal assets, such as your house or car, in payment of company debts. General partnerships and sole proprietorships do not insulate your personal assets in this way.
• Tax benefits – Corporations frequently receive tax advantages not typically bestowed on general partnerships or sole proprietorships. Some of these include the deductibility of health insurance premiums paid for employees; savings on self-employment taxes such as Social Security, Workers’ Compensation, and Medicare taxes; and the deductibility of expenses such as life insurance.
• Transferability of ownership – If you ever decide to sell your business, you can easily transfer ownership of the corporation to the party purchasing the business.
• Unlimited life – A corporation’s life can exceed that of its original owners. If the owner dies or decides to sell his interest in the business, the corporation will continue to exist in its original form with the new owners.
• Raising capital – Once your business is incorporated, you can raise capital more easily through the sale of stock. Also, many banks prefer to offer small business loans to an incorporated business.
• Retirement plans – Retirement funds such as 401(k) plans can be created more easily.

Legal Assistance for the Incorporation of Your Business

The experienced Pennsylvania business law attorneys at Saidis, Sullivan & Rogers can take care of the entire incorporation process for you. We will help you form and organize your corporation so that you are fully protected.

Please contact our Pennsylvania business law attorneys today to begin the incorporation process. Saidis, Sullivan & Rogers serves clients in Carlisle, Camp Hill, Harrisburg, Lemoyne, West Shore and Cumberland County, Pennsylvania areas.