The majority of today's 13.8 million income-generating home businesses are run by women. The top three reasons women incorporate their home-based businesses include: |
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1. To protect their family's personal assets.
Incorporating provides a protective barrier between your business and personal life, helping to safeguard personal assets (home, college savings plans, car, etc.) from the risks of your business.
2. Tax advantages
Home business owners may enjoy certain tax benefits depending on what type of business they form.
3. Establish credibility
A formal business structure adds legitimacy to your company in the eyes of your customers, vendors, and lending institutions.
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