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Stephanie Larkin's Articles

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When Do You Have to Incorporate and What is Involved? Incorporation is one of any number of ways to structure a business. These include a limited liability company, an S-corporation and a C-corporation. Each structure has benefits and drawbacks, and it is important to decide which type of corporation works best for your situation, or if it makes sense to consider other options like operating without a corporation or working through an umbrella company. Self-Incorporation: Is it Right For Me? Many businesses can benefit from incorporation. The main benefit of incorporation for most businesses is that it shields the business owner from lawsuits and protects their assets in the event that the company is the target of a lawsuit. How an Independent Consultant can get Business Insurance One challenge with freelancing and independent consultant work that you may not have considered is securing business insurance. Business insurance will protect you and your business against unfortunate mistakes and mishaps. There are a number of different types of insurance coverage that you should carry as an independent consultant or independent contractor, each of them designed to protect you from a different type of happenstance or error. Advantages of W-2 Employment There are some reasons an individual would choose self-employment over working for someone else, but not everyone is willing to take on the problems and stress of owning a business. For some, the notion of running every aspect of a company is more than overwhelming. Those who are employed by a company have many advantages over those who are self-employed. Many of these benefits involve salary and taxes.

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