Take Steps Towards Growing Your Company with Business Incorporation in Kiawah Island SC
As your business grows, there will reach a point where you need to make organizational adjustments for continual expansion. Known as incorporation, this is the best legal method for formalizing your business. However, business incorporation in Kiawah Island SC isn’t an overnight process. It takes a team of legal professionals to help prepare your business for the incorporation process. Count on Buxton & Collie, LLC, to make incorporation possible!
What is Incorporation?
During incorporation, your business becomes a separately established legal entity. As the business owner, you retain all power and control; however, purchasing property, drafting legal documents, acquiring loans, etc., is all done through your business entity. The separation of your personal assets and your company allows you to invest in business opportunities not otherwise available for an unincorporated business.
How Can Incorporation Help?
Once you engage in business incorporation in Kiawah Island SC, you and your business can benefit greatly. For example, advantages of incorporation include:
- Limited Liability – If your company remains unincorporated, you are liable for any losses or damages that may occur while an owner of said company. However, under incorporation, your personal assets and finances are no longer at risk if your company faces financial downturns or potential litigation. While these are issues you must still contend with, you have limited liability.
- Cost-Effective – There are capital opportunities and tax benefits available to LLCs and corporations that aren’t otherwise available for non-incorporated businesses. For example, you can take advantage of various tax breaks or deductions per federal and state tax law. Additionally, establishing your company as a separate entity allows you to consider stock options, acquire lines of credit, negotiate significant business loans, and more.
- Strong Foundation – Preparing your business as its own entity helps you receive the best treatment from potential investors and clients. Being a corporation or LLC means being formally recognized by the state. Thus, you build your brand and reputation through incorporation. Furthermore, creating a separate entity for your business gives it autonomy, ensuring it can support you, your family and your community long past your ownership.
Talk with Our Team
Be confident in the direction of your company with business incorporation in Kiawah Island SC. And to receive assistance with additional business law services, you can count on the corporate attorneys at Buxton & Collie, LLC. Contact us today at 843-606-2397 to schedule a consultation. Also, our office is located at 940 Johnnie Dodds Blvd, Ste 100, Mt. Pleasant, SC 29464.