Corporations

Question

After I researched the differences between an S and a C corporation, and after reading more of Kiyosaki’s book, I found myself wondering what it would take to form a corporation, and what the advantages would really be. My question therefore became, “What does forming a corporation entail, and is it really beneficial?”

Research

While searching on-line, I came across a website called MyCorporation.com. This is an internet site that provides services to those that want to form a corporation. It asks many helpful questions, and covers many of the advantages and disadvantages of corporations. However, the most helpful part of the site is that it explains many different business forms.

First and foremost, I decided to look at the advantages and disadvantages of a cor...