CORP ADVANTAGES
There are many advantages to incorporating your business. Liability protection of your personal assets is one of the primary reasons why a small business will form a corporation. Incorporating helps to separate your personal assets from that of your business. A corporation is a legal entity that exists separately from its owners or shareholders. Typically, shareholders are not liable for the debts and obligations of the corporation or from any litigation where the corporation is the defendant. In a partnership or sole proprietorship, the creditors can go after the owner's personal assets if the company assets are not enough to settle a claim.
1) A Florida corporation will have an unlimited life.
2) Incorporations have limited liability protection for shareholders.
3) Shares are transferable.
4) Check with a CPA in Florida, because you may be able to reduce taxes.
