Experian Study Highlight Small Business Benefits

Owners of incorporated businesses have average incomes 35 percent higher than the overall population, according to a study by Experian. The global information solutions company recently analyzed more than 1.2 million small businesses and found that:

· Incorporated business owners have incomes 35 percent higher than the overall population. Comparatively, unincorporated owners’ incomes are 24 percent higher.
· Incorporated owners are 56 percent more likely to have completed college, whereas unincorporated owners are 29 percent more likely.
· Incorporated business owners are 94 percent more likely to exhibit “work hard, play hard” attitudes than unincorporated owners and the overall population.

I've recommended incorporating your business for a long time and this study is even more evidence of the benefit.