Operating your business as a sole proprietor or partnership may not offer you the protections you seek. Thinking about your future and the future of your family requires that you consider how you are running and operating your business. Forming a business entity may offer you the protection that you need to build a legacy well beyond tomorrow.

You have entered into a business relationship with your partner, fellow shareholder or member of your company and you have been running a successful business for quite some time. You and your fellow owner(s) have a great relationship, everyone works well together. There is a great division of the workload and teamwork provides peak performance for the productivity of your business.

You have heard the old adage......forming a business entity reduces liability. This is true and it is also true that forming a corporation is an effective tool for managing your business. There are five principal advantages to incorporating: liability protection; tax savings; increased credibility; investor attraction; and longevity.

Many small and growing business owners are bogged down in the day to day activities that are required to keep their business running strong. Wouldn't you jump at the chance to be more efficient at those daily tasks and provide more growth potential for your business? The structure of your business provides the building blocks necessary for you, the owner and rainmaker of your company, to focus on the important areas of your business - efficient management and business development.

Perhaps you know what you want to do, what you want to sell, what type of service you want to offer, and where you want to retire when you make your first million . . . . . . but what kind of a legal entity do you want to form? It is the legal entity that you choose as the foundation of your business that will allow you to reach your goals.

The legal entity that you choose as the foundation of your business, one that will allow you to reach your goals and surpass what you thought was your potential. Choosing the right legal entity can be a challenging, overwhelming, and daunting task and many small and growing business owners are too bogged down in the day to day activities that are required to keep their business running strong to focus on future planning.