4 Business Incorporation Mistakes you should avoid

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Incorporating your Business? Avoid these 4
Mistakes
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• Business incorporation offers tremendous benefits
  for businesses including tax savings to liability
  protection. However, if you do not undertake the
  process carefully, you are prone to make mistakes
  which can cost your business. Remember not to
  commit these 4 common incorporation mistakes.

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• CHOOSING THE WRONG BUSINESS ENTITY
• Picking the right entity amongst LLC, S
  Corporation and C Corporation is very important.
  Understand the nature of your business and
  identify the right business entity, else itd
  lead to problems such as double taxation.

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• INCORPORATING WITHOUT LICENSE
• Incorporation is different from licensing.
  Several businesses must procure a local, state or
  federal license. You will have to look at the
  local city hall or county office to know which
  license your business needs.

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• FAILURE TO KEEP YOUR BUSINESS IN COMPLIANCE
• If your business entity such as LLC or
  corporation fail to stay compliant, it is highly
  likely that your personal assets are prone to
  seizure. Keeping personal and business assets
  separate, regularly filing tax returns, sending
  reports and statements promptly are some means to
  keep your business in compliance post
  incorporation.

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• SETTING VAGUE COMPANY NAMES
• While it is essential that your company name must
  be unique and relevant, it is also equally
  important that the name isnt vague or obscure.
  Setting such names might confuse the customer and
  make them assume that your service cannot meet
  their demands.

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• Get in touch with experienced business
  incorporation specialists to make sure any
  mistake isnt committed throughout the process.
• For more details,
• visit singapore-company-registration.net

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