What are the drawbacks of incorporating?

Our Information Center is a compilation of information which is the result of certain questions constantly being asked, if there is something the Information Center that fails to answer your questions do not hesitate to call us.

NOTICE: None of these questions and answers constitute legal advice. To obtain legal advice, consult with an attorney.

Business Law FAQ

Q.    What are the drawbacks of incorporating?

A.    The biggest drawback to incorporating your business is the double taxation of corporate revenue. However, federal law does permit the choice of pass-through tax treatment through the selection of S corporation status. To discuss which option is best for your company’s goals and circumstances, contact our experienced Michigan business law attorneys.

Comments are closed.