New Year’s Resolutions for the Self-Employed:
1. Eat healthier.
2. Get fit.
3. Spend more time with your loved ones.
Look familiar? We make New Year’s resolutions every year—all the things we know we should be doing—but, for whatever reason, we don’t. The same can be said about your business. But lucky for you, we have three New Year’s resolutions (yes, three!) that you can accomplished in one simple step: incorporation.
That means, you can beat last year by three resolution points (take that 2014!) because let’s face it: No one was celebrating their completed 2014 New Year’s resolution list at the stroke of midnight. But this year, it’ll be different. There’s no excuses. No time? No money? No problem. Incorporating with Rocket Lawyer is quick and affordable.
How Does Incorporating Work?
Incorporating with Rocket Lawyer is simple. We know the self-employed barely has enough time in the day to run their business, much less learn the differences between an LLC or C-Corp (who does anyway?). Simply take this quiz to see what structure is right for your business. It takes only a few seconds. Based on your responses, the recommendation tool will research and calculate the right business structure for you—right on the spot.
After you choose your appropriate business structure, all you have to do is answer a few simple questions. We'll check to make sure your business name is available, file all your paperwork, store your documents online, and make sure you get all the legal help you need.
What Will Incorporating Do For Me?
The short answer: a lot. Here are just a few benefits (and New Year’s resolutions you can cross off your list!) once you incorporate:
You: Eat healthier.
Your Business: Lose that tax weight.
What if we told you that you could lose all that excess tax fat and save money, simply by incorporating? Well, we’re here to say: You can. Tax benefits are some of the biggest perks to incorporating your business. You'll be able to draw a salary, avoid taxes on profits, write off business expenses and losses, and so much more. By incorporating, you can shed those unwanted financial pounds and increase your profit margin.
You: Get fit.
Your Business: Build a stronger business.
2015 is the year you make your business stronger—and better than ever! Incorporating means you can get local permits, attract investors, sell stocks, hire the right employees, and even obtain loans from banks. All these benefits will help your business stay competitive, grow and expand, and get in tip-top shape for the new year.
You: Spend more time with your loved ones.
Your Business: Protect your personal assets.
The self-employed knows that time is precious. You do so much on your own that sometimes you forget to appreciate the simple things in life, like spending time with your loved ones. Be sure you separate your personal life from your business, and give undivided attention to each. By incorporating as a corporation, you can quite literally (but more important, legally) separate your personal life from your business. That means your personal assets are protected, which can potentially help avoid a huge legal mess.
Cheers! Here’s to a happy and healthy New Year for you and your (incorporated) business!