by 
The Curious Bag
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There are several advantages to incorporating your business. In some cases, the advantages depend on the size of your business. Larger businesses may enjoy a bigger advantage by incorporating.
Advantages
The advantages include unlimited life for your business, ease of transferring ownership, and limited liability. But these may be better for large corporations, says the Service Corps of Retired Executives. SCORE is a nationwide volunteer group of retired executives who offer business advice; it is affiliated with the Small Business Administration.
Main Advantage
The biggest advantage to incorporating your business is limited liability. Should your business fail, its assets can be taken, but your personal assets are safe, says Steve Strauss in a column for Microsoft's Small Business Center website.
Corporations Last Forever
Another advantage is that corporations can last forever, while sole proprietorships and partnerships die when you do, Strauss says.
An Inc. May Help Business
People may take your business more seriously if they see an "Inc." after your business name, Strauss says.
Get Professional Advice
Both Strauss and SCORE recommend talking to your lawyer and/or accountant to see if incorporation is best for your business.
Source:
Microsoft.com: Steve Strauss article
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