Thank You For Serving

AW is an Amazon Affiliate

Buy Scrivener 3 for macOS (Regular Licence)

Editing for authors: because every writer needs a good editor.

 

Welcome to the AbsoluteWrite Water Cooler! Please read The Newbie Guide To Absolute Write

Results 1 to 6 of 6

Thread: Setting up a corporation?

Threaded View

  1. #6
    practical experience, FTW stephenf's Avatar
    Join Date
    Jul 2008
    Posts
    846
    Being in the UK, my knowledge of American business is limited. However, the basic idea behind becoming a corporation is that you separate personal and corporate liability. If you go bankrupt creditors can only claim against the assets of the corporation, and not you. The shifting of liability is useful if you need to run your business with a high level of debt. But there are more expenses and complications. For a simple one-man business that has no significant debt, it is not worth the trouble. If your earnings are good and your not keen on handling your own finances, just find a good accountant.
    Last edited by stephenf; 11-09-2018 at 07:00 PM.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Custom Search