Last but not least, one can start their own business from just an idea. The …show more content…
Having a corporation creates a unique legal entity that holds little if any liability towards the individual who owns it. It also gives an increased opportunity to obtain investors and financing in general. It allows an individual to sell shares of the company in order to obtain capital for the business, no matter what size the corporation exists at. However, a corporation is much more difficult to create and maintain than any other type of business. It involves filing paperwork with not only the state, but the federal government and several agencies in between. Additionally with annual filings and other sorts of paperwork, it is much more difficult to maintain. Thus a recommended option for registering a corporation is to register one through a lawyer skilled in the area of registering businesses for