When I operated my website and started to grow, I realized it was time to incorporate. I was at the point where I was getting a lot of traffic and a lot of advertising deals. I needed to protect myself by incorporating, and give my advertisers the sense that I wasn’t running my business out of my garage. (It was the den!)
As an unincorporated business owner, if somone wanted to sue me – they would have been able to come after my personal assets. Could you imagine an unhappy customer suing you and taking your car, your house, your savings? When you incorporate, only the assets of the corporation are at stake. At the time, we registered our corporation in the state of Florida, because we lived here. I’ve since learned you can register in virtually any state – and each state has pros and cons to it. The state of Nevada comes out on top as far as asset protection, privacy and tax savings.
This Nevada Corporation website has scores of info for anyone thinking about taking this step – be informed and don’t trust a lawyer to give you all of your options like I did. A lawyer isn’t able to fully understand the scope of your business or what you need after consulting with you for a few hours, so knowledge is your best ally. This website will give you the chance to learn what you need to know and make your own decisions about how to proceed with incorporating your business…protect yourself and your assets!
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Congrats on being top earner over at PPP
I love your layout here, so soothing!