Is now a good time to incorporate? The answer to this question for the most part depends on whether your business is already operating or not. However, determining when to incorporate is relatively simple once you have made the decision to incorporate.
If your business is already operating, it makes the most sense for you to go ahead and incorporate in order to provide protection to your personal assets. Also, incorporating online is simple and if done just prior to the end of year, you can save time and money by only having to file one tax return.
The question becomes a little more complex when you have not begun operations. If that will begin in the next year, you may want to wait in order to avoid paying taxes and fees for the current year
However, it can be beneficial to go ahead and incorporate online when you can devote your full attention to it. As your launch date nears, you certainly will have other important things to deal with. Another benefit to getting it out of the way is being more certain you can obtain the ideal company name. Waiting too long can put that at risk
So, When is the Best Time to Incorporate a Business? It depends and consulting with your attorney and accountant is suggested in addition to informative resources found here