When a person who starts out as a struggling entrepreneur suddenly finds that their efforts have catapulted them into the realm of success, or even the throes of financial ruin, they begin to consider what all is at stake.

A business is legally at risk and an individual who own and operates that business is putting their personal property on the line if they don’t structure their company so that it separates their personal life from their business operations.

The U.S. Small Business Association (SBA) reports that approximately half of all new businesses fail within the first year.  That number jumps to 95% after five years. 

Without the protection of a corporation, you may eventually find that your creditors are focused on taking your home, draining your bank account, and taking over possession of your automobiles.

Aside from financial protection, a corporation gives your company a status set apart from an entrepreneur or small business.  Every situation is different, and we will guide you in your overall education about starting a corporation. 

But ultimately, you may want to consult your attorney, CPA, and other individuals directly involved with your company to help you make a firm decision.  If you disagree with those professionals, then you always have the option to find new people who share your viewpoint.