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Why Should You Incorporate?By Mike Santiago
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Incorporation
The term we so loosely use, to describe creating legal entities we do business with and through, namely ‘Inc.’ refers to the creation of corporations and its related processes. It is an abbreviation for \"Incorporated\". The scope and topic of this guide is around business incorporation.
We will take issue with some of the following throughout this text:
(i)Nature and scope of incorporation,
(ii)The intricacies and complexities of it,
(iii)Benefits and advantages,
(iv)Risks and pitfalls to look out for, as well as
(v)The processes to follow to incorporate a business
You will learn a lot about all the timing, considerations and consequences, recommendations and strategies that you can employ to your favor and advantage in modern business, regardless of your industry and endeavors. To INC. or not to INC that is the question! Alternatively, phrased better for the purpose of our discussion here… simply put, INC. WHY SHOULD I?
In the world of business law and business organizations, both small and big business, sole proprietorships, partnerships and corporations of all sectors, industries and success, general partnerships, business trusts, limited partnerships, proprietary limited companies, public limited companies, limited liability partnerships and companies, all co-exist and execute, transact and interact.
There are rules, regulations, contracts and stipulations governing how we conduct and choose to do business. Corporations or businesses are legal entities and the laws of the location they are ‘incorporated’ in, the entity and type of business that it is and the legal process and instrument that you opt for determine all their mandate, scope, status and capacity.
We will take issue with some of the following throughout this text:
(i)Nature and scope of incorporation,
(ii)The intricacies and complexities of it,
(iii)Benefits and advantages,
(iv)Risks and pitfalls to look out for, as well as
(v)The processes to follow to incorporate a business
You will learn a lot about all the timing, considerations and consequences, recommendations and strategies that you can employ to your favor and advantage in modern business, regardless of your industry and endeavors. To INC. or not to INC that is the question! Alternatively, phrased better for the purpose of our discussion here… simply put, INC. WHY SHOULD I?
In the world of business law and business organizations, both small and big business, sole proprietorships, partnerships and corporations of all sectors, industries and success, general partnerships, business trusts, limited partnerships, proprietary limited companies, public limited companies, limited liability partnerships and companies, all co-exist and execute, transact and interact.
There are rules, regulations, contracts and stipulations governing how we conduct and choose to do business. Corporations or businesses are legal entities and the laws of the location they are ‘incorporated’ in, the entity and type of business that it is and the legal process and instrument that you opt for determine all their mandate, scope, status and capacity.