Quote:
Originally posted by EpicInterlock
After being in the business for 5 years, I'm definitely incorporating because I need to protect my personal assets (house, truck, car, etc) from sue-happy customers. I've never had a problem, touch wood, but it only takes one crack job to be unsatisfied and sue you for your house.
When you incorporate, you essentially block people from suing for your personal assets, and they can only take your business assets....but of course, that's where insurance comes in.
Good luck with the incorporation....best $250 I will ever spend
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Make sure that you check with a good attorney about how you set up your corp., just because you incorporate does not mean your personal assets will be protected immediately. If you have been in business over the past 5 years as a proprietor, you will need to transfer all vehicles and equipment into the corp.
$250 is a great deal, when I did it we paid $1200.00 to the lawyer and i think another $2-300 with the accountant.