Should you incorporate your home business?


Big-time companies -- like Starbucks , Google, and GE -- are organized as corporations. But what about your home-based business?

Well, it's definitely something to consider. For example, suppose you have a contract with a client and things go wrong. The client is threatening a lawsuit.

If you are set up as a sole proprietorship, then your personal assets may be subject to the lawsuit. Unfortunately, there have been cases where home-business owners have had to sell some key assets to deal with such liabilities.