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    o wit, the corp is an “independent person”. As a result, the incorporation of your business is a way to shield yourself from personal liability for any business problems such a
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    If you start a business, you should strongly consider forming an entity to protect you from liability. Corporations and limited liability companies are two of the more popular choices.

    The first thing to understand is a corporation is a different business structure than a limited liability company. Many people get them confused. The terms used in relation to a corporation are often also used for limited liability companies, which is incorrect and creates all kind of confusion. Let’s take a closer look at both entities.

    A corporation is just about the oldest business entity we have that is still in use today. The corporation comes to us from English law. It is based on a legal fiction, to wit, the corp is an “independent person”. As a result, the incorporation of your business is a way to shield yourself from personal liability for any business problems such as

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    choices.

    The first thing to understand is a corporation is a different business structure than a limited liability company. Many people get them confused. The terms used in relation to a corporation are often also used for limited liability companies, which is incorrect and creates all kind of confusion. Let’s take a closer look at both entities.

    A corporation is just about the oldest business entity we have that is still in use today. The corporation comes to us from English law. It is based on a legal fiction, to wit, the corp is an “independent person”. As a result, the incorporation of your business is a way to shield yourself from personal liability for any business problems such a

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    n relation to a corporation are often also used for limited liability companies, which is incorrect and creates all kind of confusion. Let’s take a closer look at both entities.

    A corporation is just about the oldest business entity we have that is still in use today. The corporation comes to us from English law. It is based on a legal fiction, to wit, the corp is an “independent person”. As a result, the incorporation of your business is a way to shield yourself from personal liability for any business problems such a

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    A corporation is just about the oldest business entity we have that is still in use today. The corporation comes to us from English law. It is based on a legal fiction, to wit, the corp is an “independent person”. As a result, the incorporation of your business is a way to shield yourself from personal liability for any business problems such a

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    o wit, the corp is an “independent person”. As a result, the incorporation of your business is a way to shield yourself from personal liability for any business problems such as lawsuits. The corporate entity, however, does not shield you from criminal liability as the folks at Enron can tell you.

    A corporation is formed by filing articles of incorporation with the relevant secretary of state. All business entities are controlled by the states. There is no federal system. Regardless, the owners of a corporation are known as shareholders. If you buy shares of Google on the stock market, you are a shareholder and owner although probably of a small percentage. The corporation is controlled overall by a Board of Directors. When they meet, the general direction of the business is discussed and any resulting decisions are recorded in the minutes of the corporation. The da

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