It can enter into contracts and agreements and has the same responsibilities as you would.As a separate entity, your corporation can protect you from lawsuits and asset seizures arising from the operation of the corporation (as long as you are not personally negligent or irresponsible). Owning and operating a small business can be a very rewarding experience, emotionally as [...] You may want to have your accountant help you set up the computer software so that you have all the accounts you will need. It is recommended that you retain an accountant to help with the accounting functions, year-end taxes and payroll taxes.Your accounting system can be as simple as a set of spread sheets (on paper or a computer). Corporate minutes don’t have to be on fancy paper or letterhead and don’t have to use any special language style (legalese, corporatese, etc.). Business plan, mission statement, corporate objectives, etc. ConclusionThere are few things more satisfying than building a business from scratch. ***************************************************************© Simple Joe, Inc.David Berky is president of Simple Joe, Inc. Also your accountant can help you learn how to enter different transactions. A Quick Guide To Operating Small (S) Corporations Notes of board meetings and stockholders meetings (at least one official meeting with minutes should be held each year). Many people see this protection as the main reason for forming a corporation vs.
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