WebFeb 25, 2024 · If you are considering incorporating your business, it simply means you are creating an entity that is legally separate from you. A corporation can own property and … WebWhen you incorporate, your business becomes a separate legal entity with its own debts and obligations. This protects your home, vehicle, and accounts from being seized to satisfy a business lawsuit or debt. When you are operating as a sole proprietorship and partnership, business and personal assets are legally considered one and the same.
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