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Incorporating as a shield from liability may not be a clear cut a shield as some believe. It is extremely important to operate in all respects as a corporation or the corporate shield can be lost. Also, if the goal is to avoid liability in connection with real estate-related issues such as tenant injuries note that corporate assets may still be liable - if the real estate is owned by the corporation the real estate itself is a corporate asset and any equity in the real estate may very well be reachable by creditors. Get a lawyer. Don't cut corners on this. If it's important enought to you to take the step of incorporating you obviously have something to protect. It makes little sense to treat this as a do it yourself project as the expense of incorporating with professional help is not terribly high. You would also be able to get a better analysis of the difference between the corporation/LLC alternatives and consider what, if any, assets the new entity might actually own. Don't forget the accountant either because you want to be sure your new entity is set up and operates in a way that will be calculated to save tax dollars. Good luck.
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