Why Switch Your Existing Business From Sole Proprietorship To Incorporation

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Why Switch Your Existing Business From Sole
Proprietorship To Incorporation
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• The main benefits of incorporating a business are
  limited liability and tax deductions
• It is a good way to keep your business moving
  forward and expand its growth

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Here are the reasons to switch your existing
business from sole proprietorship to incorporation
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• Better personal tax savings
• Protects personal assets and gain tax breaks
• Limited liability risks as the business is a
  separate entity from the persons who own it

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• Faster and easy transfer of funds
• Incorporating a business can provide business
  name protection
• It offers real estate benefits as the assets are
  listed separately under the corporation

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• It can boost brand exposure, credibility and help
  to gain more customers
• Capital can be raised easily which can help you
  plan ahead to avoid heavy tax implications

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• Future business growth can be secured
• The corporation will still exist even after an
  owner's passing
• Incorporating a business is a straightforward and
  easier process

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• Conclusion
• People usually incorporate their existing
  business when it has reached a grown stage
• Incorporation is potentially a beneficial choice
  to move the business further

Incorporate your business and make it big!
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