Formation of Corporation

According to legal regulations, a corporation is considered a distinct legal entity separate from its owner(s). Corporations have similar rights and responsibilities as individuals under the law. They can engage in contracts, obtain loans, sue or be sued, hire employees, own assets, and pay taxes.

One key feature of corporations is limited liability. Shareholders can benefit from profits but are not personally responsible for the company’s debts. However, shareholders can only enjoy limited liability if the corporation is established correctly with clear provisions for limited liability in its founding documents.

Our law firm can assist in creating necessary documentation for various types of corporations, such as LLCs, LTDs, Inc., Co., Corp., and PCCs, among others. While these abbreviations may seem confusing to many, our firm can explain the implications of each business entity for your specific needs. We provide expert legal advice on which entity would best suit your requirements. Additionally, we handle the establishment of domestic or foreign corporations and offer registered agent services.