Many small-business owners incorporate their businesses to protect themselves and their shareholders from liability. That way, their personal assets are safe from business creditors or lawsuits against their firms.

Before you incorporate, however, you should consider the costs of doing so. A look at the major costs and how they can vary with circumstances follows.

To read the full story at AllBusiness.com, click here.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE