should i incorporate — no (-58)

pros

  • expansion (+12)
  • more power (+6)
  • you can enjoy your life (+5)
  • Create new networks with friends (+4)
  • more freedom (+4)
  • can go public (+3)
  • It will be easier to secure financing (+3)
  • More legitimate (+2)
  • Potential for growth (+2)
  • money (+1)
  • if some one is there for you then its ok (+0)
  • limited liabily in case of damages or suits (+0)
  • Learn new things (+0)
  • it will save some money (-3)
  • individual protection (-3)
  • more money (-3)
  • gain others (-5)
  • make more money (-6)
  • It makes the business more trustworthy (-6)
  • Name recognition (-7)
  • it is less risky for the business (-8)
  • separates household from business (-9)
  • should (-12)
  • able to grow, sell stock attract investors with ease (-15)
  • Make new business (-16)

cons

  • less time (-13)
  • expensive, usually requires a lawyer (-6)
  • The reporting process is complicated (-5)
  • Not a good idea (-4)
  • corporations more regulated than sole propritors (-3)
  • stress (-3)
  • Taxes (-3)
  • more difficult to disovle than LLC (-2)
  • waste time (-2)
  • more work (-1)
  • incorpoorate (-1)
  • will grow the bad habits (+0)
  • Easier to lose personal control of the business (+0)
  • unemployment (+1)
  • Double taxation (+1)
  • more responsibility (+1)
  • Define incorporate (+2)
  • Higher scrutiny (+2)
  • Liability (+2)
  • tough to navigate law (+3)
  • lawyers costly (+3)
  • unknown (+3)
  • paperwork (+3)
  • will destroy you (+4)
  • Loss of money (+4)
  • double taxation (+7)

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