Have you been thinking about incorporating, but not sure it’s worth it? You’re not alone. If you haven’t incorporated yet, you could be missing out—and potentially leaving a lot of money on the table. Here are five reasons to consider taking incorporation off the back burner and getting started today:

1. You won’t lose your house.

As far as the IRS is concerned, as a sole proprietor, you and your business are the same thing. That means if someone were to sue your business, they could win not just your business earnings but your personal assets, too—including your home, your car, and your retirement savings. But incorporating your business makes it a separate legal entity, so generally, your personal assets stay safe and secure.

2. You could save tons of money.

Once you incorporate, your business could benefit from tax savings depending on the entity type. Sure, you might have some additional paperwork to do, but that’s a small price to pay for what could be a lot more in savings. Talk to a lawyer to learn what’s right for you.