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Article of incorporation process can be affordable. You'll save hundreds of dollars in legal fees when you register a business yourself. Online Incorporation is fast and easy from legal forms, minutes book and seal to registration. You can do it all yourself, really!
When getting a mortgage proof of self employment is a must.
Mortgages for small business owners have special features and at the minimum, you must register your business as proprietorship to qualify.
How to register a business ?
Clients frequently ask " should I Incorporate or just register a business ? " I prefer Incorporation as you'll get a better tax structure and liability protection.
Unfortunately, often clients think that incorporating a business is not within their means when starting a small business. Outrageous legal fees charged by lawyers prevent start-up business owners from Incorporating their business.
To get started, they just register a business proprietorship. But in doing so, right off the bat they deny themselves the benefits of a corporate structure.
Plus, if you run a business and you are NOT Incorporated, you run the risk of losing all of your personal assets. You are a lightening rod for being sued personally should someone want to sue your business.
This is important -- INCORPORATE !
*Lenders change their products and interest rates without notice.