5 ms·
I agree with this. I incorporated a business that I really didn't need to and it just ended up costing me a ton of cash I could have used, and added on countles
by rwhitman 17y ago
I agree with this. I incorporated a business that I really didn't need to and it just ended up costing me a ton of cash I could have used, and added on countless little complications to my life which I'm still trying to untie from after having dissolved it.
If you're not dealing with other people's money (investors), and you aren't running a business that is raking in solid revenue yet or not in a really vulnerable position legally, its just not worth it...
- ryanhuff 17y agoWhile I see your point, if your business gets sued, you personally could be far worse off than the cost of incorporating.
- natch 17y agoWouldn't a personal umbrella policy cover this, for a sole proprietorship?
- jsiarto 17y agoIt might cover you financially--to an extent. But they'd still be suing you, personally and not your company. As an owner/partner in a corp or LLC you have full legal separation from your company (so long as you are running it legally) and can't personally be held liable.
- mhartl 17y agoPHILIP II OF MACEDON You are advised to submit without further delay, for if I bring my army into Sparta, I will destroy your farms, slay your people, and raze your city. SPARTA If.
- rwhitman 17y agoWell, I didn't get sued. Fortunately I'm not manufacturing pacemakers.