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when you hire your first employee or begin selling your first consumer product is a good time.
if a service business, when you start hiring and having people on your premises or on the clients premises is a good time.
on the liability side, something to think about ...... if you do not have anything, you will not be a target. if you have assets or a large insurance policy, target. just make sure you act as a corporation (minutes, meetings, books, etc.)
for tax purposes, have your cpa run inc vs non inc scenarios....... math will drive
if a service business, when you start hiring and having people on your premises or on the clients premises is a good time.
on the liability side, something to think about ...... if you do not have anything, you will not be a target. if you have assets or a large insurance policy, target. just make sure you act as a corporation (minutes, meetings, books, etc.)
for tax purposes, have your cpa run inc vs non inc scenarios....... math will drive