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Law and You: July 8, 2013

The Law and You: July 9, 2013
.Q I am opening a new deli and I am wondering whether I need to start a corporation since I am the only employee.
A. The answer is yes. You need to start a corporation. The type of corporation will depend on where your business is now and where you think that your business is headed in the future. It will also be easier for accounting purposes and tax purposes to have a separate business entity for your new venture. Finally, a corporation will protect you in the event that something goes wrong such as someone getting hurt on the property.
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