Don't get the idea that incorporating will protect your bacon from liability. Remember, you are the driver as well. So, if someone wants to go after you for something you did while driving, no incorporating will protect you or your assets if they want to sue the pants off of you. Likewise, if anyone thinks that incorporating will protect them, then ask the fellas who were running Enron if they didn't lose their personal residences over that fiasco. Or ask Bernie Madoff's wife if she thinks she got a got deal by Bernie being incorporated.
Incorporating really is only a good idea for accounting purposes. Mostly to reduce tax liability and , somewhat, financial liability, but not legal liability. Most O/O with a single truck would not really reap real benefits from incorporation, only accounting hassles if not done properly.
Like Gman said, check with a CPA with a solid reputation about whether you would benefit from incorporating. Spending an hour with an attorney who specializes in this is not a bad idea either. Both are worth the cost of an hour of their time. Then you will be able to make an INFORMED decision.
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Freedom does not mean the choice to do whatever you want. It means the choice to do what you ought.
Last edited by Copperhead; 05-07-2011 at 04:06 AM.
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