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Doing It Right
You would think no one would intentionally do something poorly without good reason. After all, business owners are used to paying hundreds or even thousands of dollars per year to do things properly, like insure their businesses, pay taxes, comply with ordinances, buy advertising, and the like.
Therefore, when it comes to incorporating in order to bring about needed tax relief and reduce the risk of liability to their families, you'd think most business owners would not compromise that critical process merely on the dubious notion of saving a few bucks.
And for the most part, you would be correct. We have found that the average entrepreneur will not jeopardize the safety of her family's assets or the integrity of her business unless she has been truly misled to believe that "incorporation is incorporation" no matter who does it. In this case, the incorporator need only quote the lowest price and the decision is made. This is unfortunate, however, because incorporation should never be treated this way; incorporation is not a widget you buy off the shelf, always the same regardless of the store from which you buy.
The reality is that incorporation is only as good as you make it. And when you consider that in California the odds of having your corporation's veil pierced should it be challenged in court is almost 45%, you must ask yourself why this is. The primary reasons, according to many California attorneys, relate to fundamental neglect of corporate formalities. Why are so many corporate owners neglecting their corporate formalities? Bottom line: they never knew what they were doing in the first place, nor had they any support or resources to assist or encourage them with their ongoing corporate needs. This is a travesty to be avoided at all costs.
Why are there so many corporations created with so little emphasis given to formalities? The reality is that incorporation is "big business" these days (and for good reason), yet capitalism by its very nature drives competitors to cut every corner necessary to get the client. Low price is the name of the game, and customer support is a thing of the past. This internet mentality is fine when you are looking for a great deal on Ebay. However, when your family's well-being is at stake, it is self destructive to think this way. This is never-the-less the way most incorporators feel they need to do business.
U.S. Business Strategies, Inc. does not approach incorporation or LLC formation lightly. Our past clients are the reason we stay in business; 90% of our new clients are referrals. Internet companies and "do-it-yourself" incorporators are not known for being referral-based services. Why? Because they do practically nothing for their clients that their clients could not have done by themselves, hence the high piercing rates in California and elsewhere. Before you take that next step, get a free consultation from a U.S. Business Strategies consultant and see if you notice a better approach to incorporating. Call toll free (888) 570-2021.
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