The ‘S’ Has It

When it’s time to incorporate, the S corporation offers a number of advantages — and raises a few caution flags, too.

The ‘S’ Has It

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It’s not an uncommon occurrence. A man or woman with a great business idea decides to take the plunge. At first it’s an evenings-and-weekends thing. But as time goes by, it becomes more profitable, and more time-consuming. Pretty soon, the entrepreneur realizes it’s time to quit the day job.

And because it’s been a one-person show, it’s very possible that the founder has never bothered to incorporate. That can be a big mistake. It might seem easy just to keep going...

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