How,Incorporate,Yourself,Witho business, insurance How To Incorporate Yourself Without a Lawyer

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How To Incorporate Yourself Without a Lawyerby J. Stephen PopeYou could save hundreds of dollars by incorporatingyourself without a lawyer. How? Is it advisableto do so?1. This is Not Legal Advice!The only ones who should be giving legal advice arethose licensed to practise law (in other words,only lawyers). This article is not legal advice.If you need legal advice, consult a lawyer.This article is being written simply to inform youthat it is possible to form a corporation or limitedliability company without a lawyer.2. Why Use a Lawyer?First of all, if you make a mistake incorporatingyourself, who do you sue? You only have yourselfto blame. On the other hand, a lawyer has insuranceto cover errors and omissions.Secondly, you could benefit from the expertise ofyour lawyer. Perhaps a corporation isn't theright vehicle for you under your circumstances.Be aware that there can be disadvantages as wellas advantages to incorporating. Your lawyer canconsider commercial law, securities legislation,limited liability, tax factors, estate planning,share structure, and a myriad of other businessconsiderations. Sometimes the advice of agood lawyer can save you thousands of dollars.3. Is it Advisable to Incorporate Yourself?Is it advisable to perform surgery on yourself?It is illegal to perform surgery on someoneelse unless you are licensed to practise medicine,but perhaps in a wilderness survival scenario,self-surgery might be your only option. However,is performing surgery on yourself really a goodidea in most instances?Likewise, just because it is possible to incorporateyourself without a lawyer doesn't mean it is always a good idea.In some jurisdictions, only lawyers canincorporate others. For a paralegal or otherperson to incorporate a company for you could beconsidered unauthorized practise of law. Thus,it may be legal to incorporate yourself but notothers.Some factors you might consider are: Am I reallythat short of cash that I can't spend the extramoney for good legal advice that may save methousands of dollars? Am I confident that mysituation is one that really doesn't need theservices of a lawyer to incorporate? Can themoney saved on legal fees be better utilized infinancing other aspects of my business?Each person will have to make their own decisionon whether or not to seek the services of a lawyerin forming a corporation."He who has himself as a lawyer has a fool fora client." I have often thought that perhaps alaw firm originated this common expression.4. How To Incorporate YourselfMany books have been written by lawyers on howto incorporate yourself.For example, in Canada, M. Stephen Georgas, LL.B.,has written books on the subject of formingyour own corporation. Published by InternationalSelf-Counsel Press Ltd., he has authored "Incorporation and Business Guide for Ontario"("How to form your own corporationIncludes tax advantages to incorporating") and"Federal Incorporation And Business Guide"("How to form your own Federal corporation underThe Canada Business Corporations Act").The same publisher sells forms and minute books aswell as titles for incorporating in other provincesof Canada.Forms, corporate supplies, name searches, andkits are available from legal stationers and othersources.In the United States, there are likewise many manualsavailable for incorporating yourself in variousstates. "Incorporating Your Business For Dummies"by The Company Corporation and "How To Form YourOwn Corporation Without a Lawyer for Under $75.00"by Ted Nicholas are two such books.Sometimes helpful information on this subject isavailable from federal, provincial and stategovernments for free or nominal cost.You can sometimes locate incorporation manuals atyour local library for free. Be careful. Legalmanuals become outdated very rapidly. You mightconsider very seriously purchasing the mostup-to-date manual available; it might also includehelpful reference material on maintaining corporateminutes and other helpful suggestions on operatingyour corporation.Buy the appropriate manual and supplies and thenfollow the instructions. With a little effort, youcould save hundreds of dollars incorporating yourselfwithout a lawyer.For further resources on incorporation, please visit:http://www.yenommarketinginc.com/incorporation.html*********************RESOURCE BOX*********************J. Stephen Pope, President of Pope Consulting Inc.,http://www.popeconsultinginc.com/ has been helping clients to earn maximum business profits for over twenty years.For more valuable Work at Home Business Ideas, visit: http://www.yenommarketinginc.com/Subscribe Free to Moneymaking Business! at: http://www.yenommarketinginc.com/subscry.html ****************************************************** Article Tags: Incorporate Yourself Without, Incorporate Yourself, Yourself Without, Legal Advice