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Incorporation Services: What Are The Benefits And Privileges
In a very few years that Internet has been exiting, it has fast
become a virtual shopping site where everything from the most
common to the hard to find items can be found. Incorporation services
are one. Most businesses choose to incorporate because of the
benefits that can be derived from it.
Not long ago, only big businesses were incorporated. These businesses
can provide the best compensation packages and benefits that are
near to impossible in smaller establishments that are not incorporated.
During the middle half of the 1900ís, other smaller businesses
started picking up the idea. One of the reasons that incorporated
businesses enjoy is tax exemption and tax holidays that translate
into big savings that can be used as additional capital.
During the 70ís the reason to incorporate even small businesses
had been so attractive that small businesses started to incorporate.
Later however, congress started curtailing the benefits that the
big corporations are enjoying that today, even small organizations
can start having additional fringe benefits. This resulted in
smaller entities having parity with big corporations in terms
of tax deductible benefits without being incorporated.
While parity has been achieved, there are still many reasons for
One is image. A good title like President or the CEO of a corporation
can command respect among clients. Clients would normally prefer
to talk with the top executives of a company than any other person
with a non-corporate title to back him up.
Another is the protection of a corporation when buying services.
To soften the exposure of the company, many are now requiring
independent contractors to incorporate themselves before their
services are accepted.
An incorporated business has a wide range of powers. It has its
own legal personality separate from its stockholders, owners and
investors that is mandated and protected by state laws. It can
Enter into contracts and buy and sell properties and goods subject
to lawful transactions.
When legal problems arise, anyone from the company can represent
the corporation in behalf of the company.
An incorporated company is liable for its own debts. The directors,
shareholder and owners are shielded from the companyís debt and
can not be sued in behalf of the company. The company will have
to bear the burden of is own debts from its own resources except
in cases when an individual guarantees the corporate debt or as
mandated by the court.
Corporations are granted a separate personality that it can go
on even after the death of the owner and the shareholders.
In short, there is money to be saved privileges to be enjoyed
when an entity is incorporated.
While books have been written whereby an individual can incorporate
himself without a lawyer, the safest and surest way is still to
have one. The expertise of a lawyer encompasses consideration
for commercial law, laws on taxation, securities legislation,
limited liability, local and national ordinances and a wealth
of knowledge regarding business consideration. Furthermore, laws
are being changed, proposed and amended from time to time that
the law that a non-attorney is familiar with may already have
A registered agent will be required for companies that are in
the process of incorporation. They act as the representative for
accepting service processes that include official government communication
that are presented to the company, legal proceedings and legal
Incorporation services can also provide you a registered agent
when you require one.
Robert Thatcher is a freelance publisher based in Cupertino, California.
He publishes articles and reports in various ezines and provides
incorporation service resources on www.about-incorporation-services.info.