Limited Partnership Definition
We hope the foregoing review of business entities has been helpful and given you some ideas. All of them have a place, many can be used in conjunction with one another. Corporations have become the quintessential form of doing business throughout the world for more than a century. Just the simple act of incorporating in your home state can protect your personal assets, reduce taxes, and provide a universe of "fringe benefits" such as retirement plans, deferred compensation, annuities, life insurance, and medical reimbursement plans, just to name a very few. Moreover, many of these benefits may be tax deductible to the corporation and tax-free to the employee (that would be you). So what state should you incorporate in?We hope the foregoing review of business entities has been helpful and given you some ideas. All of them have a place, many can be used in conjunction with one another. Corporations have become the quintessential form of doing business throughout the world for more than a century. Just the simple act of incorporating in your home state can protect your personal assets, reduce taxes, and provide a universe of "fringe benefits" such as retirement plans, deferred compensation, annuities, life insurance, and medical reimbursement plans, just to name a very few. Moreover, many of these benefits may be tax deductible to the corporation and tax-free to the employee (that would be you). So what state should you incorporate in?
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