Business Growth Tips

Build your business relationships and the clients will come! Take a look at this article with great tips for relationship building in your business.
Home Based Businesses

If you are a home based business you are in great company. Did you know that many Fortune 500 companies started as home based businesses? This includes companies such as Apple and the Ford Motor Company to name a few.

Yes, you may be working out of your basement or your garage but operate like you’re not! As a home based business incorporation is important!

Here are 3 reasons why a home based business should be incorporated?

1. Asset Protection-Incorporating your business or forming it into a Limited Liability Company (LLC) will provide you with protection. Forming a legal entity for your business will create a business structure for your company. This will allow your personal assets to be separated from any business assets thus offering protection to your personal assets such as homes, cars, personal savings.

2. Credibility/Legitimacy-Incorporating your business or forming it as an LLC brings credibility to your business. Potential clients and vendors perceive incorporated entities as being more stable. As a business owner you are making a statement by formally incorporating your business or creating an LLC.

3. Tax Advantages-There are many tax advantages available for corporations and LLCs. There are additional tax deductions that you can take. Your business expenses can be deducted. And, depending on the type of entity you form, you can avoid double taxation as a business.

What is a Registered Agent?
A Registered Agent also referred to as a statutory agent or resident agent is a business or individual designated to receive Service of Process for a legal entity. In a nutshell, when you form a legal entity such as a corporation or LLC you are required to maintain a Registered Agent. The Registered Agent must provide a physical address within the state of formation or registration that is open during normal business hours.