Legal Question in Business Law in Utah
Do I need to incorporate?
I am attempting to get a product I invented into stores. Do I need to incorporate? What are the advantages and disadvantages?
Asked on 8/12/08, 12:12 am
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: Do I need to incorporate?
You do not NEED to incorporate, but you will look more professional if you are a corporation or limited liability company. The benefits are you have personal asset protection, should you be sued as a business. You also may have an easier time claiming and getting tax deductions.
Answered on 8/12/08, 12:19 pm
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