Incorporation

Incorporation 

Protect your personal assets and your family by creating a corporation. If you do business in the name of a corporation, and your business is sued, the person filing suit would be restricted to suing the corporation. Why risk getting personally sued? Do not put your personal assets at risk. If the corporation is sued, only the corporation and/or the corporate assets would be potentially at risk. 
 
For example, if you were the owner of a bar, you would own the building in which the bar is located in your own personal name. You would then lease the space or bar to the corporation. If someone would get injured in the bar, they might have an action against the bar corporation but they would not have an action against you as the business property owner. This level of protection is available and should be taken advantage of for anyone in business.
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