Business owners breed legacies with business incorporation
When Carl Chuzy – the founder of Carl Chuzy Co. – died, his Lincoln Towncar remained parked outside his office, his company kept its founder’s name and his successors enjoyed a successful business with Chuzy’s loyal clientele.
By retaining all of these aspects of the business, the real-estate company was able to outlive its founder. This was both beneficial to the community and the businesspeople who took it over. Moreover, it’s nice for Chuzy’s family to see his hard work making him a celebrated part of the community.
Family attorney Richard Foote told BizJournal.com, "Carl wanted to keep the name Carl Chuzy Co. in the public eye."
Other entrepreneurs can get started on building their legacies with business formation. AllBusiness.com reports that perpetual existence is one of the many benefits business incorporation offers entrepreneurs.
In addition to enabling a business to continue after a founder’s death or departure from the enterprise, business incorporation translates into a number of advantages entrepreneurs will enjoy during the time they work for a company. For instance, forming a company offers business owners tax benefits and it protects their personal assets.
To learn more about how to incorporate a business, entrepreneurs can visit online incorporation websites.