WHAT ARE THE REQUIREMENTS IN ESTABLISHING A CORPORATION? A corporation is the biggest type of business entity. So how does one creates one of these giants? But first it is important to define the term CORPORATION- a corporation is an artificial legal entity which is chartered by a state and formed to conduct bu......
Piercing the Corporate Veil – Factors Considered Most shareholders believe a corporation protects them from personal liability. This is generally true unless alter ego is successfully asserted.
Alter ego is an equitable claim that a corporation should be set aside in a lawsuit and the shareholders h......
Limited Liability Company (LLC) The Limited Liability Company or LLC is not a partnership or a corporation. Limited Liability Company (LLC) is a relatively new business structure allowed by state statute. An LLC is a distinct type of business that offers an alternative to partnerships a......
Corporation Dissolution / LLC Dissolution Dissolution of business could be for variety of reasons for example: bankruptcy, retirement, or a change in career direction. When a business entity is no longer doing business or even if it was never used for anything, it is very important that it follow......
Issues with Capitalizing Your New Corporation Once you register a corporation in your state, you must go ahead and capitalize it. This raises a host of questions regarding the best way to do it and potential risks of getting it wrong.
First things first. Any discussion of capitalization needs a d......
