What are the main advantages of Incorporating my Legal Practice?

There are many advantages of incorporation.
So how do you know whether incorporation is right for your firm?
Effective structuring can result in significant improvements in your bottom line and reduce your firm’s risk.
 
There main advantages are:

• Succession
• Asset Protection
• Taxation
• Cash Flow Management

I would like to find out what your hesitations might be around this topic.
Is it that you feel it seems a bit too hard and time consuming? or maybe you are concerned about capital gains tax and the cost involved?

Share your thoughts . . . .