Notary.net Blog: June 2007

Monday, June 11, 2007

Incorporate Your Notary Signing Business

S-Corporations are the best legal entity to protect your assets. Many notaries never take the time to setup a legal business for their notary work. Even with a bond and E&O insurance, you still could be putting you and your family at risk.

Lawsuits are one of the most devastating events in a small to medium size business. Big companies like McDonald's can afford to pay-off settlements for hot coffee on a lap. A small business doesn't have the luxuries of high profit and full-time legal staff. What most people don't realize is that a lawsuit against a notary can mean that a notary would lose all of their assets (car, home, television, etc.) The best way to prevent this is to place the liability on the corporation and not the individual.

It is easier than you think to incorporate. Legal Zoom can do it for you for as little as $139.

Incorporate your business for $139
The advantages of a corporation reach beyond the protection from losing personal assets from a business lawsuit. The tax advantages of a corporation also make it a popular choice. You can expense gas charges, automobile maintenance and purchasing (or leasing), etc. You should consult with a CPA for all the different tax advantages your corporation can offer you.

Don't wait until the lawsuit is already at your door. Protect your family and assets by incorporating your notary business today.