2006-12-10 01:53:13 · 4 answers · asked by cynthkinloch 1 in Business & Finance ➔ Corporations
Probably the two most important factors are asset protection and taxes. A corporation can protect your personal assets, to some degree. If set up properly, a corporation can help shelter income so that the individual pays less taxes. For the small business it may be good to file a Sub Chapter S election with the IRS, once incorporated. A Sub Chapter S corporation provides the protections of a corporation but is taxed like a partnership. A regular Corporation is taxed on profits and then the shareholders are taxed on dividends.
2006-12-10 02:02:14 · answer #1 · answered by Flyby 6 · 0⤊ 0⤋
structure should be determined by the number of employees, your expected business presence (domestic, regional, worldwide?), and probably the nature of your industry.
2006-12-10 02:04:24 · answer #2 · answered by thomas 5 · 0⤊ 0⤋
ask again + b more specific e.g. legal structure?, managerial structure?, cenralisatsion?
2006-12-11 05:22:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
govt, regulations
2006-12-10 02:32:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋