This is for all those business owners out there who have US corporations.

Do you remember back when you first started your business and decided to become a corporation?  You may have hired a lawyer, you may have done it yourself, and you probably agonized over the name, and what form of business to use…

There were probably four major reasons why you decided to incorporate (in no particular order)::

1. You wanted to be viewed as a serious and professional business, and felt that “Inc.” or “Corporation” after your name would add to your credibility and increase sales and profits.

2. It was a good way to formalize a business relationship between you and other owners.

3. There were possible tax advantages to incorporation;

4. It provided liability protection- a mechanism to protect your personal family assets from business-related lawsuits and actions.

All four of these are excellent reasons to incorporate.  But…

Are you aware that in order to get the personal liability protection of #4 that there are VERY SPECIFIC THINGS that you need to be doing in order to maintain this “corporate veil” of protection?

We’ll be discussing this topic in greater detail in future blog posts…

Carpe Diem,

Rob Northrup

Protect Your Assets From the Envious Hordes…