**A Corporation or LLC offers many advantages including protecting personal assets, reducing tax burdens (in some cases), providing group health insurance plans and pension plans, and creating a perpetual business entity that is often easier to raise capital for, finance and sell. Whether incorporation is right for your business depends on a number of factors and the ultimate decision is best made after consultation with an attorney and accountant.

Generally, the size of a business is an important consideration.

    Businesses with a large number of employees, multiple owners, and a significant capital investment will find that incorporation most often offers significant benefit. Smaller businesses are more likely to benefit from an S-Corporation, LLC or even sole proprietorship . The tax and limited liability advantages are generally less advantageous to the smaller business. The tax differential to single owners is most often negligible or non-existent, and new business owners that incorporate may find that their personal guarantee is still required for financing. Given the expense and time consuming nature of maintaining important corporate formalities, operating a sole proprietorship with adequate insurance is all that the small business owner may need.New Paragraph