IamMadMan
somebody shut me the fark up.
- Joined
- Jul 30, 2011
- Location
- Pemberton, New Jersey
In all honesty, if you operate without incorporating and insuring yourself, you are doomed as a successful business person because you will demonstrate that you are not capable of making sound business decisions.
It's not about the money you are spending, it's about the liabilities you could incur in our litigious society. You are spending a thousand dollars to prevent the loss of hundreds of thousands of dollars.
You don't have to cook bad food, but there are people who could claim they got sick from your food and you spend money in legal issues if you don't have insurance. Being incorporated limits your total liability to the assets of the corporation.
It's not about the money you are spending, it's about the liabilities you could incur in our litigious society. You are spending a thousand dollars to prevent the loss of hundreds of thousands of dollars.
You don't have to cook bad food, but there are people who could claim they got sick from your food and you spend money in legal issues if you don't have insurance. Being incorporated limits your total liability to the assets of the corporation.
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