          
          
          
                               Corporations
          
          
               Forming a corporation is one of the most valuable
          and versatile steps you can take in promoting your
          financial well-being.  The number one reason for
          forming a corporation is protection from personal
          liability.
          
               Incorporating your business separates your
          corporate assets from your personal assets so your
          personal assets are usually not at risk.  Starting a
          new business venture is always risky.  Many variables,
          some of them out of your control, affect the outcome. 
          A failure can be very draining to your hard assets and
          capital.  By incorporating, you separate your personal
          assets from those of your business, and thereby
          normally shield any assets that are not part of your
          business, such as your home, car, personal bank
          accounts, etc.
          
               Incorporation enhances the sense of stability and
          permanence.  Many businesses start with one person and
          grow.  No matter how large or small your business, you
          will have a confidence-building corporate presence.
          
               Consulting, franchises, long-standing hobbies have
          all been the basis of profitable full- or part-time
          businesses.  (But where there is the potential for
          reward, there is the possibility of risk.) 
          Incorporation positions your fledgling company for
          entrepreneurial success and it may also shield your
          personal assets from risk.
          
               Substantial tax benefits may result from
          incorporation.  Among the areas positively affected are
          personal and corporate taxes and asset ownership. 
          (Safe deposit boxes, bank accounts, and boats are among
          the many assets that may be held by corporations.)
          
               A Delaware corporation is an extremely flexible
          tool for organizing your company and its assets
          favorably.  A Delaware incorporation may provide an
          optimal legal structure no matter where it is located,
          the type of business conducted or the size of the
          company.
          
               The benefits of incorporation vary from state to
          state.  Delaware is nationally recognized as "The
          Corporation State."  Over 50% of the Fortune 500
          companies are incorporated in Delaware.  Delaware is a
          "corporation-friendly" state.  Delaware offers a
          favorable system to maximize the benefits of
          incorporation to a small businessman.  It is your legal
          right to incorporate; no special status is needed.
          
               Some of the many advantages of a Delaware
          corporation are:
          
               1) There is no minimum capital requirement to form
          a Delaware corporation.
          
               2) Your identity, as owner, may remain anonymous.
          
               3) Delaware is organized to process your
          corporation economically and efficiently.
          
               4) Annual meetings of Delaware corporations may be
          held outside the state of Delaware.
          
               5) A Delaware corporation may keep all of its
          books and records outside the state of Delaware.
          
               6) Delaware courts are regarded as fair when
          interpreting corporate laws.
          
               7) The franchise tax compares favorably with other
          states.
          
               8) There is no Delaware corporate income tax for
          companies conducting business outside the state.
          
               9) There is no Delaware tax on non-resident
          stockholders who do not do business in Delaware.
          
               10) In most cases, Delaware has no sales, personal
          property, or intangible property tax on corporations
          that do not do business in Delaware.
          
               11) Indemnification and personal liability
          protection of the directors and officers of your
          corporation are permitted.
          
               For more information on a highly-recommended
          service that can form a corporation for you in Delaware
          -- or in any other state -- write to Incorporation
          Information Package, 818 Washington Street, Wilmington
          DE 19801.
          
          
          
