The Event Planners Association encourages all of its members to take full advantage of the limited liability protection afforded by incorporation laws. The Association’s in-house counsel is available to assist its members with all facets of the incorporation process. We have identified below, six (6) benefits to incorporation:
1. One of the primary advantages of incorporation is the limited liability the corporate entity affords its shareholders. Typically, shareholders and directors are not liable for the debts and obligations of the corporation; thus, creditors will not come knocking at the door of a shareholder or director to pay debts of the corporation.
2. A corporation's life is not dependent upon its members. A corporation possesses the feature of unlimited life. If an owner dies or wishes to sell his or her interest, the corporation will continue to exist and do business.
3. Retirement funds and qualified retirement plans (like 401k) may be set up more easily with a corporation.
4. Ownership of a corporation is easily transferable.
5. Capital can be raised more easily through the sale of stock.
6. A corporation possesses centralized management.
If you would like more information on how to incorporate your business, please contact the Event Planners Association. Please remember that members of the Association receive three (3) telephone consultations and three (3) contract document reviews included with membership. In addition, Association members enjoy unlimited legal document downloads from our members’ only legal section of our website. These documents include: liability waivers, rental agreements, vendor subcontract agreements, wedding planner services contract, event planner services contract, caterer services contract, and much more.
We are cognizant of the fact that as our member base grows, so does our members’ needs. As such, the Association’s legal team is frequently adding new documents to our members’ only portal. Association membership in an invaluable tool for the success of your business.
Six Reasons I Should Incorporate My Business - (Read 716 Times)
Posted: May 14th, 2009 at 12:31 pm
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