|
Incorporating your trucking business, in most circumstances, limits your personal liability. This means that if a lawsuit is brought against your corporation, only corporate assets are at risk of seizure. Incorporating your company projects a more professional image. It shows others, especially creditors, that you are serious about your business!
A corporation is a legal entity that can enter into legal contracts
If designated, a corporation has a perpetual existence and continues to operate no matter what happens to the original owner(s)
Unless personally guaranteed, creditors usually cannot hold shareholders liable for corporate debt
S Corporations and LLCs have tax benefits such as “pass through taxation”.
If you would like to know more about incorporating your small business,
please call one of the incorporations specialists at
Return to Resources
|
