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.

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Answered on 8/12/08, 12:19 pm


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