Did you know that when you’re ready to incorporate your business, you have options as to where your business will be incorporated? In some states, such as Delaware, you are not required to have a physical headquarters in that state in order to have your business incorporated there.
Perhaps you’ve been operating as a sole proprietor and it is time to expand into a limited liability corporation (LLC), or maybe you have decided to launch a new business venture and you’re ready to fully incorporate your business.
About half of all new American businesses fail within five years of opening their doors, according to the United States Bureau of Labor Statistics. Oftentimes, it is a lack of prior research, planning, and preparation that forces small companies to shut down soon after getting started.