Business Incorporation 101 - by Ravi Patel

 

Most Entrepreneurs when starting a business are often focused on the operational aspects of the business. While this is important, do not forget the legal and tax aspects of starting a business.

 

Is your business incorporated? Is it a C-corp, S-corp or LLC?

 

These simple questions have a tremendous bearing on the liability issues affecting your business and personal assets and associated tax ramifications.

 

It would be wise to plan these issues ahead of time. Changing the tax or legal structure is possible later, but may prove to be more expensive.

 

 

 

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