Incorporating your business is one of the biggest decisions a business owner can make. They have a couple of options available to them, they could either incorporate as a corporation, or form a limited liability company. The biggest reason one would want to incorporate is for personal asset protection. You want your assets to not be subject to any debts or liabilities of your company, but there are other advantages to forming or incorporating as well such as tax flexibility, or perpetual existence.

You can pass along your company easier when it’s formed through a limited liability or corporation, rather than as a sole proprietorship. Or if there are co‑owners dictating how and when one would leave in the process for dissolution is much easier in a limited liability company or a corporation, rather than a sole proprietorship.