One of the first decisions you face as a new business owner is whether or not to incorporate the business. The biggest advantage of incorporating is limitation of your liability. Your responsibility for debts and other liabilities incurred by a corporation is generally limited to the assets of the business. Your personal assets are not …

There is an almost endless list of things to do when you start a new business. Here are some tax tips and ideas to get you started: Write a business plan. Consider location issues. Decide on the legal form of entity for the business. Get necessary licenses. Register with tax authorities. Involve your advisors. Business …