Benefits of a Tennessee corporation
A corporation is a separate tax entity from its owners or shareholders. The owner’s personal assets are protected if the corporation is sued during its existence. The “life” of a corporation is typically perpetual. A corporation may also elect to be taxed as an S-Corp (form 2553) which is used to convert from a C-Corp to S-Corp which you file directly with the IRS.
Another benefit to the corporation is that you can issue stocks and sell those stocks to raise money to expand your business. Selling ownership of the company is what many companies do in order to raise money so that they can expand business into new markets.
| 
