Wednesday, June 15, 2011

How To Incorporate Yourself Without a Lawyer

By incorporating yourself without a lawyer you can save hundreds of dollars. How? Is it appropriate to do so?

1. It is not legal advice!

The only people who should be giving legal advice to the practice of law (in other words, only lawyers) are licensed. This article is not legal advice. If you need legal advice, consult an attorney.

This article is being written just to tell you that it is possible that without a lawyer in a corporation or limited liability company.

2. Why use a lawyer?

First, if you make mistakes, myself included, who do you sue? You have only yourself to blame. On the other hand, a lawyer has insurance covering errors and omissions.

Second, you can benefit from the expertise of your attorney. Perhaps a corporation `isn t the right vehicle for you under your circumstances. The only disadvantage with that there can be advantages to incorporating. His lawyer, commercial law, securities law, limited liability, tax factors, estate planning, share structure, and may consider a myriad of other business considerations. Sometimes the advice of a good lawyer can save you thousands of dollars.

3. It Advisable to contain yourself?

Is it reasonable to perform surgery on yourself? Someone else unless you are licensed to practice medicine is illegal to perform surgery on, but perhaps in a wilderness survival scenario, self-surgery may be your only option. However, in most cases to perform surgery on yourself is really a good idea?

Similarly, just because it is possible to incorporate yourself without a lawyer doesn `t mean it is always a good idea.

In some jurisdictions, only lawyers can incorporate others. A paralegal or other person involved in a company for the unauthorized practice of law can be considered. Thus, it may be legal to incorporate yourself but not others.










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