Its the safest way to operate your business. It is the lowest cost insurance you can buy for protection of your personal assets.
Unplanned events happen.
Limit your liability Personal assets cannot be targets for creditors. Your home, car, savings will always remain untouched if you operate under the protection of the corporate umbrella. Improve your tax picture Many benefits become fully deductible. Mixture of salary and dividends can minimize your taxes. In some situations, an S Corporation is the best choice because it prevents double taxation.