Overview
Main description
Tactics for small business owners to incorporate on their own and reap big rewards
Tips & Traps When Incorporating Your Business is for millions of small business owners who want to incorporate their businesses but are intimidated by the legal complexities and fees associated with the process. The authors clearly describe the types of corporations and explain the legal and tax advantages of each. Then, following the acclaimed Tips &
Traps format, they:
- Walk readers step-by-step through the process--from picking a name to filing paperwork, issuing shares, and running shareholder meetings
- Supply samples of all the necessary forms, agreements, and other documents
- Provide checklists covering legal, financial, and tax-related aspects of incorporating
- Explain the different types of corporations and their key characteristics (including owner liability, tax treatment, documents needed, and management styles)
- Explore the right locations to incorporate a particular business, and how to raise capital for that corporation
Author comments
Jeffery A. Jensen, C.P.A. and Brian Radford are the founders of American Business Solutions, Inc., a small-business consulting firm.
Stephen Bulpitt is the founder of United Financial Solutions, an e-publishing and small-business consulting firm.
Back cover copy
Proven tactics to incorporate your small business and reap big rewards!
Incorporating your business is much easier than you think—and the benefits are enormous. It allows you to eliminate the personal risk of owning a company, makes it much easier to attract investors, and rewards you with huge tax breaks. Plus, you can handle the filing yourself!
Tips & Traps When Incorporating Your Business explains everything you need to know and walks you through every step of the process—from initial filings to shareholder meetings. Top small business consultants Jeffery A. Jensen, Brian Radford, and Stephen Bulpitt show you how incorporation can help your business and how to make sure you do it right. You’ll learn how to:
- Choose the right type of corporate structure for your business—partnership, proprietorship, LLC, S-Corp, and other options
- Determine how and when to file the proper documents
- Understand the basics of accounting and finance, including financial statements and record-keeping
- Explore the right locations to incorporate a particular business
- Raise capital through venture capitalists, loan programs, and other alternatives
- Hire and manage employees in compliance with labor and employment laws
[Front cover bullets]
- Pay less taxes and increase your income
- Greatly limit your personal liability
- Improve your professional image and attract investors
[Side bar for back cover]
Everything you need to incorporate your business in any state is right here:
- A Comprehensive, State-Specific Appendix of contact, licensing, and tax requirements
- Sample Articles of Incorporation
- IRS Form SS-4 and Instructions Form
- IRS Form 2553 and Instructions Form (S-Corporation election)
- Bylaws Template
- Sample Business Plan
- Templates of tax forms you need to incorporate
