BUSINESS CREATION and SUPPORT
We can help you prevent expensive problems by properly structuring your business and helping you with your annual maintenance and checkups. For example, corporations struck by the Registry for failing to file annual reports are resurrected by court order
Like yourself, the health of your business depends both on your initial genetics or structure, and on your health routine eg have you had a thorough examination so you can practice preventive medicine or do you risk expensive problems and even death ?
There are three legal business structures: Proprietorship, Partnership or a Corporation. In law, a corporation is a person, thus can own other businesses, sue & be sued, etc.
In general, there are three reasons why you might incorporate your business, after talking to your CPA: to reduce personal liability, to reduce personal taxes, and to increase marketing.
Expensive business problems and disputes can be reduced if not prevented with written agreements to define the rights and responsibilities of each employee and supplier as well as each owner.
Like a prenuptial or marriage agreement, a rental agreement or lease, and contracts of sale or subscription, you can define the rights and responsibilities of each party and have a written document to prove a breach of contract.
Like going to your dentist, the twice-a-year checkups are not fun but they are much cheaper than a root canal if you ignore potential problems.
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