If you are in the medical field and are considering forming a business or taking your business to the next level, incorporating your company may be the step you need to take. Incorporation is simply the process of turning a business, whether it is for-profit or non-profit, into a corporation, which is considered a legal entity recognized by the law. By incorporating your company, you stand to gain a number of benefits that are unavailable to companies that are not incorporated.
Incorporating a company can be a difficult process. Fortunately, at the Leichter Law Firm, our Texas corporate lawyers are prepared to meet all of your legal needs and address any concerns that you may have. Contact us at 512-495-9995 today to learn how we can support you throughout this process.
When you decide to incorporate your company, there are numerous benefits that you stand to gain, including:
- Personal asset protection – Certain assets may be safeguarded against personal claims and lawsuits.
- Lower tax rates
- Ability to transfer ownership – Corporations are legally allowed to be transferred to new owners and control.
- Longevity – Because corporations have stock and shareholder groups which have evolving membership bases, the company can endure for an unlimited amount of time.
- Credit – The credit of a corporation can stand apart from the credit rating of any owners.
In addition to the above benefits, there are several other advantages that incorporating your company can provide.