Incorporation

Incorporation is the way that a new businesses formed as a separate legal entity from its owners. With incorporation, those who own a corporation have personal protection from legal claims arising from the corporation. This means that their personal assets are protected. Incorporation also allows for shareholders in a business, meaning that there can be majority and minority holders, or even equal shareholders. The ultimate goal for a corporation is to make a profit that is then given to the shareholders in the form of dividends. Incorporation allows for either closely held stock, meaning that the stock is held privately by a majority of the shareholders; or publicly traded stock, meaning that stock ownership is traded (such as is the case on Wall Street). 

Incorporation laws vary in every state, with each state having different rules as to how shares should be handled, how notice should be published and how incorporation documents should be filed. For that reason, calling an experienced incorporation attorney in your area is best. Call us today to get started on incorporating your business.