admin Posted on 5:34 pm

Legal Book Review – Incorporating Your Small Business

If you are a small business owner and want to protect your assets and get the most out of your tax dollars, you may want to consider incorporating your business. Maybe you don’t know much about how to incorporate your business, or why you should. Perhaps you would like to know the story behind why people have incorporated their businesses in the past, or how that relates to the same needs, challenges and problems of our present time and your business in particular.

If so, there is a book that I would highly recommend that I have in my personal library. Interestingly, this book has been on my library shelf for 30 years. And when I was taking out all the old books, donating some and giving others away, I decided to keep it. Not because I could use this same book today to incorporate a business, I can hire a lawyer to do it.

Rather, because I believe the history and arguments for and against small business incorporation are widely discussed, and still play out today. The name of the book is;

“How to incorporate; a manual for entrepreneurs and professionals”, by Michael Diamond and JL Williams, 1987.

Boy, things have changed since 1987, still much of the philosophy and definitions of course and the whole story is the same, but the forms are very different and now there are LLC’s that they didn’t have back then. This book is extremely interesting because it helps us understand the evolution of corporations in the United States, both large and small. The flow of commercial law is quite interesting in that sense. In fact, I hope you will please consider this.

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