Posts Tagged "Limited Liability Companies"

Business Planning Issue – Do I need to Incorporate my business?

Posted by on Jun 12, 2010 in Business Planning | 0 comments

As a general rule we always advise new business clients that they should operate all business enterprises in some form of a corporation or limited liability company. In order to understand why, it is important to understand the concept of a corporation. Simply put, a corporation, or the more recently developed limited liability company, is a separate and distinct legal entity. It can own property, can be sued, and can sue in its own name. In other words it can almost be thought of as a legal “person” that can operate a business enterprise in its own name. Primarily a corporation,...

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