Benefits of Being a Corporation or LLC
Asset protection is not the only reason to operate your business through a Corporation or LLC; there are numerous other benefits as well, including:
Personal Privacy & Identity Theft
The “Digital Age” is creating access to your personal information at an alarming rate. As the owner of a C Corp, S Corp or LLC, you have options that enable your personal, private information to be secure from prying eyes. CenterPoint Corporate Services can provide you with managers, officers and directors whose names become the only ones available through a public records search. This provides you with an additional layer of privacy protection.
Doing business as a C Corp, S Corp or an LLC may give you tax benefits that are not available to an individual. You may also have choices as to how your company is taxed. Business expenses like travel and entertainment, insurance, and operating costs can be tax deductible.
A company’s image and credibility is increased when it is incorporated or organized as an LLC. “Your Company, Inc.” or “Your Company, LLC” conveys a level of professionalism to the public and creates a level of confidence for your customers and vendors.
Whether you are just starting your business or are growing with an infusion of capital, you can create a business entity that will give you the flexibility you need to manage your company in any way you wish.
Raising Business Capital
If your business is going to need outside investment for start-up or expansion, a Corporation or an LLC gives you the flexibility to raise the capital you need.
A business has a life of its own. An LLC or Corporation can continue long after you retire. A Sole Proprietorship or Partnership does not.
Enjoy the benefits of Fortune 500 companies: Retirement planning, deferred compensation, annuities, life insurance, and medical reimbursement plans are just a few of the possible benefits of doing business through a C Corp, S Corp or an LLC.