Account
Get our app
Account Sign up Sign in

Incorporation

Incorporating is easier than you might think. Let us help.

Documents

Incorporate a business FAQs

  • Should I incorporate my business?

    Yes, even if it is just for liability protection. Imagine you are an event organizer and without proper insurance, someone gets hurt at your event. In this situation, you could lose your assets such as your home, and be personally liable for paying for damages. Or imagine, you are self-employed and running a business as yourself and you end up saddled with a lot of business debt and revenue is low. In this case, you can be held personally liable for your business debt. For liability protection alone, it is worth setting up your own business entity.

  • Do I need a lawyer to incorporate?

    No, you do not; however, it is recommended. Most can easily form a simple LLC on their own using our services. If you are looking to form an S-Corp or C-Corp and have numerous contributing members, you may benefit from having a lawyer review your business documents. With a membership, you can benefit from 40 percent off standard lawyer fees. We can also provide registered agent services in any state. Hiring a lawyer is not cost-prohibitive with a membership.

  • Should I form an LLC or incorporate?

    Both offer advantages: however, in most cases, an LLC is easier for small business owners to operate. An LLC is the most common business entity formed. Both provide liability protection and possible tax advantages. Your accountant can help you decide which type of business entity will suit your needs best.

    Advantages of forming an LLC

    • Profit and losses are shared between owners
    • No annual meeting requirements
    • No limit to the number of owners
    • Liability protection

    Disadvantages of forming an LLC

    • Cannot issue stock
    • May have to pay a higher tax rate (personal vs. business tax)

    Advantages of forming a corporation

    • Liability protection
    • Can issue stock
    • Possible tax advantages

    Disadvantages of forming a corporation

    • C-Corps experience "double taxation"
    • Annual meetings required
    • S-Corps can only have a limited number of owners
  • Will incorporating help with acquiring funding?

    It might. Investors most often want to know how your business is structured, who the financial contributors are, how revenue is handled, what debt is held, and more. The process of forming a business entity and writing a business plan help you show potential investors the information they need to decide whether they want to invest in your company or not. If you have multiple owners, incorporating is highly recommended. If you are a sole entrepreneur, you should at least be prepared to share your business plan.

Ask a lawyer

Our On Call attorneys are here for you.
Characters remaining: 600
Rocket Lawyer On Call® Attorneys

Legal guides

  1. How to Check The Status of a Corporation
    1 min read
  2. What Is a Corporation?
    3 min read
  3. Do You Need Corporate Bylaws? Corporate Bylaw Requirements by State
    2 min read
  4. Incorporating in Delaware or Nevada: What's the Best Option for My Business?
    6 min read
  5. State Processing Times for Business Entity Filings
    3 min read
  6. Incorporation Next Steps: What to do After You've Incorporated
    64 min read
  7. S-Corp v. C-Corp; What Business Formation is Right For You?
    4 min read
  8. When Is the Best Time of Year to Incorporate?
    4 min read
  9. What are Corporate Bylaws? A Bylaws Definition
    2 min read
  10. What Are Articles of Incorporation?
    2 min read
  11. How to Amend Corporate Bylaws
    2 min read
  12. How to Create Corporate Bylaws
    2 min read
  13. Legal Documents Needed to Incorporate your Business
    2 min read
  14. Board of Director Positions: How to Select a Board of Directors
    3 min read
  15. Articles of Incorporation Guidelines
    2 min read
  16. Creating Articles of Incorporation
    1 min read
  17. Sample Bylaws
    1 min read
  18. How to Form an S-Corporation
    2 min read
  19. How to Incorporate a Business
    2 min read
  20. How to Form a C-Corporation
    2 min read

Looking for something else?