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


3 Comments:
A great suggestion for all notaries, especially those who are not "incorporated" yet! Appreciate this indispensable information you provided and kept this as a reference already in my files. Thanks! :)
Thank you for the information. I'll definitely be passing this information on.
Also the best state (not Delaware that's for Fortune 1000 size companies) or Nevada (now #2) to incorporate for tax and privacy reasons in Wyoming. WAY better then any other state. You don't have to do business there or live there. Google "Wyoming incorporation benefits" to see why and you can still use LegalZoom to incorporate for $139.
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