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Re: What are the advantages of incorporating a wholesale business?

Last post 03-27-2007, 5:12 AM by bronco. 2 replies.
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  •  03-25-2007, 10:12 AM 21

    Re: What are the advantages of incorporating a wholesale business?

    I have been considering incorporating my company and wondered if anyone had any advice on how you do it, and why you would actually choose to do it in the first place?
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  •  03-25-2007, 10:51 AM 30 in reply to 21

    Re: What are the advantages of incorporating a wholesale business?

    Well if you become a limited company then if your company gets in debt, you personally will not owe money. It will only be the company that owes the money. It is like you are a seperate person from your company once it is limited. I also think there might be tax advantages as well.
  •  03-27-2007, 5:12 AM 40 in reply to 30

    Re: What are the advantages of incorporating a wholesale business?

    yes it creates a distinction between you and your company. If you ever get taken to court and you are an inc. company then your comany gets taken to court, rather than you.
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