When Should You Form Your Own Corporation

Do it yourself, or have someone else do it for you? There is no clear “always do this” answer. It really depends on the situation.

If you are an experienced business owner and are comfortable with the formation and structure process, then by all means do it on your own. This book is designed to provide you with the guidance and tools you need to pick up that ball and run with it.

If you are a business owner working in conjunction with your advisor, then you may want to go through this manual and assemble a list of questions to ask your advisor ahead of time. This product can help you develop a plan, run it by your advisors to make sure you’re on the right path and then walk you through the set up and maintenance process.

If you have never before formed your own business structure, then you could certainly use this product to design a business structure that works for you, preferably in consultation with your advisors. The risk you face is that you don’t always know what you don’t know, or the questions you need to ask. For that reason it may be better for you to work with an attorney or business formation service to get your paperwork filed and your structure set up. You can use this book to design your business structure, and then leave the details to someone else while you concentrate on your business operations. You’ve got control, as you have designed your structure and understand why and how it will work, while at the same time you’ve also regained the time you would have spent on business structure details to do other things. In that sense it’s almost as though you’ve got twice the time for half the effort!

You may want to use the business formation service that we use – Smart Business Incorporation. Give Megan a call at 1.888.250.2360 or megan@smartbusinessincorporation.com

Personal consultation is available at just $100 for the first hour and is fully applicable toward corporate formation services.

There are many variables when you’re structuring a business. That’s why it’s hard to go through a quick-service website. Unless you talk to someone who’s got some knowledge and experience on both the tax and the legal side, it’s hard to know what you don’t know. And that can leave you vulnerable.

Got questions? Contact us! We’re here for you.

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