Corporations Lawyer Fall River

Learn More About Legal Matters Regarding Corporations

The main difference that sets apart a Corporation from other forms of businesses, is that the government considers it a completely different legal entity. Even though a limited liability company is considered a different legal entity, the taxation of a limited liability company is the same as a partnership or a sole proprietorship. In a corporation, the company is considered its own legal entity for tax purposes, contracts, and debts which are separate from its owner or owners. Another benefit of a corporation is that it does not dissolve if any of its stockholders change or die. Also any debts or accounts receivable incurred by a corporation are not the personal responsibility of its owners or shareholders, thus providing personal protection for the owners.

Free Consultation

Our attorneys are ready to assess your case and help you to determine the best possible resolution.