“When you’re not incorporated, your personal credit and liability get impacted. You become the business and everything you do on the personal side shows up on the business side, too.”
– Adam Moore

Becoming incorporated is a monumental step for many businesses and their owners. Incorporating a company can open many growth opportunities: it can help protect business owners amid uncertain times like recessions and ensure a business’s survivability years down the road. So, how do you turn incorporation—a seemingly gigantic, terrifying thing for small businesses—into a simple, manageable process?

This episode discusses the basics of incorporation and introduces what to expect when considering incorporating your company. We explain how incorporating can give your business survivability and help prepare your successors. We describe how incorporating your organization recession-proofs your personal assets and business. We also explore Cloe’s experience going through the process of incorporation and highlight the importance of exit planning and thinking about where you want your business to be years from today.

This week on Breaking Barriers:

• What happens when companies become incorporated

This podcast is brought to you by Hire Ground

Hire Ground is a technology company whose mission is to bridge the wealth gap through access to procurement opportunities. Hire Ground is making the enterprise ecosystem more viable, profitable, and competitive by clearing the path for minority-led, women-led, LGBT-led, and veteran-led small businesses to contribute to the global economy as suppliers to enterprise organizations.

For more information on getting started, please visit us @ hireground.io today!

If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts.

Apple Podcasts | TuneIn | GooglePlay | Stitcher | Spotify

Be sure to share your favorite episodes on social media and join us on Facebook, Twitter, and LinkedIn.