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Kr4l's presentation might not be all that friendly, but the content of what he said is true, and that is what Tiger_handheld was saying as well. Incorporated companies get the protection of limited liability, but the "cost" of this protection is far more complicated bookkeeping and more stringent requirements. All of that in turn results in extra costs. So if the revenues are not enough to justify all the added expenses, it makes no business sense to stay as an incorporated company.
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