Everyone involved in a successful business eventually has to face the question of incorporation. This revised edition of one of the leading incorporation guidebooks will help you take your business to the next level. Michael Diamond and Julie Williams offer guidelines for structuring your corporation for maximum tax, legal, and business benefits, while avoiding the problems that befall corporations. Learn whether to use a standard incorporation or alternatives like subchapter S incorporation, partnerships, and proprietorships. This book includes material on employment relationships and changes in laws regarding corporations and partnerships, and provides updated material on all relevant tax information.