More than two decades ago, when former Wall Street portfolio analyst Judith H. McQuown first sat down to write the inaugural edition of Inc. Yourself, the incorporation of a small company was a fairly simple procedure undertaken by relatively few refugees from the then-burgeoning safe haven of big-time corporate America. But while the appeal and the underlying need for striking out on one's own have increased markedly in the interim, the continual passage of major tax-law changes has ensured that incorporation is no longer such an uncomplicated process. Accordingly, in her bestselling primer, McQuown outlines the core information necessary to turn any enterprise into a separate legal entity replete with all of the rights, privileges, and liabilities that such a move entails. But she also updates those suggestions for today's small businesses whenever appropriate, and bolsters them with important details on newly available options for pension plans, organizing the venture, and sheltering its income from taxation.
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