Starting a business is an exciting—yet scary—time for most people. It is, however, something that people are called to do. There is a very real entrepreneurial spirit that many people are born with. They want to build something, own it, manage it, and watch it grow.
These are the people that drive the American economy and keep the nation’s engine running. Small business owners have plenty of decisions in front of them before they even start, for example: what form of incorporation model will they use? Will it be a sole proprietorship, a partnership, or an LLC? Now, certainly someone considering business ownership could consult an attorney, but they could also consult a tax preparation specialist, their state Corporations Board, or look online.
The Internet is a great conduit for gaining vital information and knowledge, as well as, being the largest “shopping mall” in the world. Not only can prospective business owners find the answers they need about which incorporation model to use, they can also find the appropriate incorporation forms online once they have made their decision.
There are several great online legal portals that have free legal forms, legal wizards, and moderately priced forms that can be used with great safety by anyone. It will save time and attorney’s fees (which can be upwards of $200 an hour) that way the money can be used for more complicated legal matters like employee and subcontracts or even litigation.