Incorporating in Orlando Florida Benefits of Incorporation
Our 15 year experienced staff of business incorporation services have come across business owners, especially those running small businesses are torn between keeping their business on sole proprietorship or partnership or to incorporate it. Incorporating your business is a major decision, and many businesses are not able to decide whether it is the right step for them. But the fact is incorporating in Orlando, Florida is not only a relatively easier procedure now, but it also has numerous perks and benefits. So if you are unable to decide whether your business is ready for this major leap, read on to understand how you and your business can profit by incorporation in Orlando, Florida.
Incorporating Florida Tip 1 – Limited Liability
One of the major advantages of incorporating in Orlando, Florida is the limited liability that you enjoy. As a sole proprietor you are liable for all the debts and outcomes of your business, and so your car, house and other assets can be seized to pay off any debts.
However, as an incorporated company you are only held responsible for the amount you have invested in the company. And so you enjoy limited liability, whereas at the same time your company has the same rights as that of any individual. As a corporation your business can sue or be sued, own properties, cars and all other responsibilities that a sole owner would.
Incorporating Florida Tip 2 – Life Span of a Corporation
By incorporating in Orlando, Florida, your business becomes continual, which means it doesn’t die with you, but can carry on as its own entity for decades to come. So whether you wish to sell of your business or a partner decides to leave, your business as a corporation can continue without going through vigorous procedures or issues over ownerships and rights.
Incorporating Florida Tip 3 – Trustworthy
Raising money for corporations is far easier than raising money for independent businesses. By incorporating your business in Orlando, Florida, you make it all the more reliable and trustworthy and so you can not only borrow and incur debts but also sell your shares to raise more capital. This means, that as a corporation, you have all the more potential to grow and expand your business far more easily and rapidly.
Having Inc., Ltd. Ltee., or Corp., with your company’s name also yields more business as it is considered more reliable. People perceive corporations to be far more stable as compared to businesses that are unincorporated.
Incorporating Florida Tip 4 – Potential Tax Deferrals
By incorporating in Orlando, Florida, you can have potential for tax deferral. You can reschedule your tax payments due to any fall backs. This advantage gives you the opportunity to pay taxes in lower tax brackets or reduced tax rates.
Incorporating Florida Tip 5 – Splitting Income
Shareholders receive dividends from corporations from the company’s earnings. A shareholder does not need to be active or involved in the company’s dealings. And so by making your children or spouse shareholders, you can easily redistribute your income and lower your tax rates.
Incorporations do not bind you to an entity but rather free you from taking all the responsibility for your business dealings personally. Incorporating in Orlando, Florida has become easier than ever, you can easily do so by going through your directory or looking for a reliable service provider to incorporate in Orlando, Florida online.
If you need more information about our business development services, please contact us at 407-344-1228. FreedomSBS is a marketing, graphic & web design, accounting, internet marketing, business development, and corporate law resource firm all in one! FreedomSBS is your one stop shop to start, grow and mature your business. Our services include: incorporation services, graphic design, logo design, web design, web development, internet marketing, search engine optimization (SEO), marketing consultations and corporate law resources. Our services are provided nationwide, but since our main office is located in Kissimmee, FL, we mainly help businesses in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, and Hunters Creek, FL.