Many business owners incorporate because they believe it will protect their personal assets if they get sued. In fact, many business owners invest most of their time and energy on the development of their businesses and tend to forget about following their corporate protocols in order to maintain the protection those protocols were intended for in the first place. Unfortunately, not following corporate protocols can break that shield, and the corporation can be subject to the piercing of the corporate veil.
If starting your own business is an essential part of living your American Dream, then it is important to remember than the way your business starts may have a severe affect on and determine its success. Therefore, when daydreaming about your business, there are 8 questions you should ask yourself.
To help entrepreneurs when deciding on a company structure, this post discusses which business models exist and which one entrepreneurs should chose for your business.