Building a legitimate business
Bill Myers
If your business is more than just a hobby, something that you
expect to grow and last for the long term, it can be a good idea
to make sure it has its own identity. By creating a legal identity for your business, you not only
reduce personal liability for yourself, but you can gain
significant tax advantages, as well as pave the way for future
buyout opportunities. Creating a legal identity for your business involves forming
either a corporation or LLC in the business name. You can do this online in just a few minutes with minimal cost or
trouble, and within a week or so, your corporation or LLC will be
registered, and the corporate papers will be delivered to your
door. For more about this, see my article "Building a Business for
Resell - steps to starting a web business with resale potential". By giving your business a legal identity, you are preparing for
your future success.
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