Hi, I read that becoming a corporation is highly recommended for a business.
But how difficult is it to incorporate?
Is there a lot of requirements?
How costly is it?
Can anybody incorporate or do you need to make a certain amount?
Incorporating your business is the first step in providing protection to your personal assets. When you incorporate your business you separate the business and you. The business has its finances and responsibilities that are not necessarily yours as a person.
The filing process is relatively easy, and it should cost no more than $1500, including all the process. It takes about 2-3 weeks. Size does not matter, even a person working from their garage can file for a corporation. If you need a recommendation of a company that can help you with the filing, we can provide one as well. Let us know.