Incorporating a business can be a great way to save money on annual taxes, in addition to the protection it offers you from liability – and if you want your business to have a separate legal identity distinct from you, incorporation is crucial. However, there are some steps you need to take to ensure that the process goes smoothly, and that you meet all legal requirements. Furthermore, it’s especially important that you choose the right type of corporation for your small business.
Understanding Incorporation
Types of Corporations
When you incorporate a business, there are a number of steps you need to take. First and foremost, you must determine which type of legal entity you wish to form:



The Princeton Tiger growls from former Secretary of State George Schultz’s backside, a ship’s anchor decorated the right arm of the UK Prime Minister Winston Churchill, and a family crest on the chest of President Franklin D. Roosevelt sustained a family tradition.
I like to think that I’m a pretty fun mom. I regularly plan field trips around town, and I’m totally fine with jumping on the bed. But every parent hits the end of the rope every now and then, and it’s at such times that I find myself shelling out money for kids’ activities that will keep mine busy for a few hours. However, a trip to Chuck E. Cheese can seriously drain the bank account.
The year 2013 is going to be full of changes. Sure, the November elections left us with a virtual status quo in Washington – Obama is still president, the Republicans are still in charge of the House, the Democrats are still in charge of the Senate – but 2013 could still be rife with drama and new policies.
If you’ve volunteered to
Sometimes, it can be hard to gauge what’s appropriate for bridal shower games. If the attendees are younger and more rowdy, you might be tempted to try raunchier games. Of course, that might totally shock and appall Great Aunt Martha. When
The current tax system in the United States is based upon the Revenue Act of 1913, which replaced the high tariffs of that period with a personal income tax system. Since that time, there have been numerous amendments affecting the definition of income to be taxed, the rate of taxation, as well as exclusions and deductions from taxable income.
“Debt” is one of the most frightening words in the English language, conjuring up visions of peonage, deprivation, and prison. Caricatures of debt collectors, such as the mafia shark who breaks the legs of delinquent borrowers, or Shylock, the moneylender of the “Merchant of Venice” who required a “pound of flesh” as security on a loan, haunt our dreams and reinforce Benjamin Franklin’s advice that one should “rather go to bed without dinner than to rise in debt.”
While there is never any excuse for abuse, the behavior of some relentless debt collectors can border on abusive. Though there are laws to protect you from harassment, a collector may call your home nonstop, as well as harass your family or any other person listed as a reference on your account. Some collectors speak harshly or issue threats, and if you don’t take a stand, this bad behavior can continue for months or years.
The fiscal cliff is getting closer, and unless action is taken, the terms of the
I love working out in the morning. Not only is it the best way to start my day, but I don’t have to deal with fixing my hair or makeup at the crack of dawn. Bare-faced and ponytailed is more my style. Sometimes, however, I don’t get the chance to exercise first thing in the morning, and I have to head to the gym after I’ve already gotten ready for the day. That often means I have full makeup and “done” hair. 
While many homeowners are familiar with the option of
Parents share a universal hope that their children will live happily ever after, with minimal worries and the ability to be successful as adults. Every parent tries to give their child a strong moral foundation, as well as the necessary 