5 Great Reasons to Form an Llc or Corporation

Reason #1 – Your personal assets are protected:

If you are not incorporated, all your personals can be seized for any actions you are determined to be liable for. 

Reason #2 – You can save money:

An LLC lets you choose a pass-through tax option. The business does not pay any federal taxes. There is also an option for a S-Corp. 

Reason #3 – More opportunities to raise funding:

A corporation gives more opportunities to financing or raising investments by establishing its own credit history. 

Reason #4 – Improve your reputation among customers and clients:

Provides your business with a legitimate profile and confidence of continuity. 

Reason #5 – Open doors to opportunity:

LLC-Corporation can obtain government contracts easier and easier financing.

This document is designed for general information only. The information presented in this document should not be construed to be formal legal or tax advice nor the formation of a lawyer/client relationship. 

For more information on this and other topics, please contact Kevin via any of the channels listed below:

📧 kevin@kmckernan.com  | 📞 718-317-5007