Corporations

A corporation is a legal entity independent from its owners, the shareholders. It can sue and be sued, and its shareholders are shielded from liability (except possibly in cases of intentional wrongdoing, fraud, etc. – for example: WorldCom, Enron). Corporate profits are taxed, and corporations live on perpetually unless dissolved. Corporations are suited to raising large amounts of capital through many investors.

The first question you should ask yourself when considering incorporation is, "Why am I forming a corporation and not an LLC?" If you cannot articulate an answer, you should educate yourself about LLCs, which have many of the benefits of corporations, without the drawbacks. For example, LLCs are easier to maintain than corporations. If you do not plan to seek the investment of numerous individuals, you should consider an LLC.

If you opt for a corporation, US Legal has developed a comprehensive array of legal forms and information related to corporate formation. Our forms are developed and maintained by attorneys, to ensure maximum reliability and compliance with current state statutes. With US Legal, you can be confident that the corporate forms and information forms for your state will reflect your state’s unique laws, rather than containing the generic language relied on by free-forms sites and fly-by-night operations.

Legal Forms

Offered through US Legalforms.com and Formspass.com

Corporate formation increases yearly. US Legal provides products and assistance to help you through the decision to file, and filing.

Legal Information

Legal Definitions and the Law Digest. Should you need an attorney Browse our Attorney Directory. Thousands of legal forms are also available from our flagship site US Legal Forms.