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Can you incorporate home based cake business?

post #1 of 6
9/26/09 at 2:27pm
Thread Starter 
Hi guys, I just read how important it is to incorporate your business.Can you do it if you have home based cake business?
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post #2 of 6
9/26/09 at 2:39pm
I don't think it would matter unless you had employees...???
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post #3 of 6
9/26/09 at 2:43pm
Thread Starter 
Thanks!
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post #4 of 6
9/26/09 at 3:15pm
The thing about incorporating your business even a home based business is the fact that if you get sued they can only take your assets associated with the business and they cannot touch your personal assets.
www.CalicoCornerGiftsAndGoodies.com

Contentment is not getting what you want but being satisfied with what you have.
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www.CalicoCornerGiftsAndGoodies.com

Contentment is not getting what you want but being satisfied with what you have.
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post #5 of 6
9/26/09 at 3:27pm
Quote:
Originally Posted by snowynight

The thing about incorporating your business even a home based business is the fact that if you get sued they can only take your assets associated with the business and they cannot touch your personal assets.



True...but wouldn't your home be associated with the business anyway? So pretty much anything you use for your business would be considered your business...the only thing I guess they couldn't touch is your personal bank account....but for me, I don't really even have a business bank account, I use mostly Paypal and then a little bit our regular personal checking.
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post #6 of 6
9/26/09 at 3:38pm
Business assets would be your cake pans, cake decorating supplies. Even if you opened a personal checking account and used it just for business things that's all they can touch. Just keep all your receipts. That way you are keeping it separate.
www.CalicoCornerGiftsAndGoodies.com

Contentment is not getting what you want but being satisfied with what you have.
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www.CalicoCornerGiftsAndGoodies.com

Contentment is not getting what you want but being satisfied with what you have.
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