CORPORATE FORMATION

A corporation is a legal entity created under the laws of a state that has liabilities, benefits and protections that are separate and distinct from the personal assets of the individual owner(s) of the corporation. In most situations, a corporation is legally treated as if it were an actual person. A corporation can own assets of all types, incur liabilities and debts, take action and be liable for it’s actions in the same way as an real person.