Incorporating your business can protect your personal assets, build the credibility of your company and allow you to maintain some degree of privacy, writes Nellie Akalp, CEO of CorpNet. "The only real 'drawback' of incorporating is that you'll need to operate your business at a higher administrative level than you're used to as a sole proprietorship," she writes. Akalp explains the differences between S corporations, C corporations and limited liability companies.
What structure is best for your business?
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