Incorporate Your Business

Now that you have your business plan and you have a path that you know you need to walk down, incorporating your business is the next step.

There are multiple ways to incorporate your business. It really all depends on how you are going to structure your business, if you plan on giving away equity in your business, how you are going to pay yourself, are you going to have any employees, etc. There are also a bunch of different legal issues on why you would incorporate your business one way or another.

When incorporating make sure to incorporate in a way that fits your business model

Incorporating your business is the first step in creating a solid corporate foundation for your business. With a solid foundation you will be able to take advantage of all different kinds of business opportunities and your business will be much easier to run in the future. Incorporating also protects you as a person. Liability will fall on the business and not you in case anything were to happen.

When a lender, investor, or vendor asks you when you started your business, they want to know how long you have had an open business bank account.  You could have started your business in your garage with a buddy but until you open that bank account, you aren't truly in business.  In order to open a business bank account you are going to have to prove that your business is incorporated.  Once you have a business bank account with your titles of incorporation, you can then apply for business lending and lines of credit.

Here are a few more articles on incorporating your business:

Articles of Incorporation

Business Incorporation

How to Incorporate

Incorporation Services

Online Incorporation