Chuck Boyce, Executive Business Coach, Explains the Importance of Incorporating Your Small Business
Small Business Coach, Chuck Boyce a.k.a. The Independent Executive, recently wrote about the advantages of incorporating your small business.
Wilmington, Del. – September 8, 2010 – Chuck Boyce, the executive business coach known as “The Independent Executive,” recently published an article on his website, http://www.BreakingFreeBlog.com, titled “Serious About Your Business? Incorporate It!” In the article, Chuck breaks down a recent study from the esteemed Massachusetts Institute of Technology (MIT) about how businesses connect with prospects. Chuck explains how incorporation offers new and small businesses a range of benefits that are perfectly suited to the unique challenges of owning and operating a small business.
Chuck Boyce wrote, “Why should a small business incorporate? First and foremost, the act of incorporation protects the owners of a business from liability. When a business is incorporated, it becomes a separate legal entity from its owner or owners. So if the business goes into debt, or is involved in a lawsuit, the owners of that business are protected from financial harm. This protection is not 100% — any business involved in a lawsuit should still at least consult with an attorney, and adding business liability insurance is always a good idea. But incorporation adds a significant layer of legal protection between a business and its owner or owners.”
“Less than a quarter of small businesses in America are currently incorporated – instead, most are operated as sole proprietorships or partnerships. Why is this the case? The most likely answer is that many small business owners are simply unaware of the fact that incorporation is an available, affordable option offering real benefits to their companies. Or they may think that incorporating is an expensive and complicated process that requires the help of an attorney.
In fact, this is not true. In many states, incorporating a business is so simple that it can be done online, and can cost less than $200,” continued Chuck.
The full article can be found at http://www.breakingfreeblog.com/articles/executive-business-coach-chuck-boyce-serious-about-your-business-incorporate-it.php
Chuck’s website, BreakingFreeBlog.com, is aimed at helping business owners and entrepreneurs get more out of their business and support a lifestyle worthy of an “independent executive.” Chuck also coaches budding entrepreneurs on the most effective and lucrative way to become a business owner. This new small business coaching website, featuring Chuck’s “Breaking Free” system, offers advice on starting a business as well as great special reports on becoming a business owner and starting a business.
Chuck Boyce is also the founder of The International Association of Home Based Businesses (www.iahbb.org,) that helps people create wealth in this tough economy through development of their own small business. Chuck does this by providing online access to resources while assisting entrepreneurs and business owners fight some of the isolation associated with working from home.
For more information about Chuck Boyce and Breaking Free, please visit http://www.BreakingFreeBlog.com
About Chuck Boyce:
Chuck Boyce is known as “The Independent Executive”. After achieving success quickly in the corporate world he decided to step off of the corporate ladder and make his business work for him instead of the other way around. He is now dedicated to helping other entrepreneurs and business owners that have decided to jump off the corporate ladder.
For over a decade, Chuck worked along aside several entrepreneurs and built his own businesses. He has helped drive two different companies that appeared on Inc Magazine’s Inc 500 list for multiple years.
An accomplished speaker and author, Chuck ‘s work has been featured in USA Today, Connections Magazine, FastCompany.com and various blogs. He has appeared on ABC, FOX, CNN, and Food Network.
Chuck is the co-author of the Ultimate Success Secret with Dan Kennedy and Mike Capuzzi. His next book Power Principles for Success is due out in July 2010.
Chuck resides in Delaware with his wife Angel, and their daughter Ally.
For more information please visit http://www.BreakingFreeBlog.com