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Corporate Organization:
Who Does What in Corporate Business Structures?

Strengths and Weaknesses:
How does one form of business compare to another?


Features of a Corporation

  • A corporation is created when two or more individuals or legal entities join together to form a separate entity for the purpose of operating a business for profit.
  • Incorporators must file Articles of Incorporation, in the required format, with the appropriate state agency.
  • The profits of a Regular Corporation (C Corporation) are taxed twice; once at the corporate level and again when profits are distributed as dividends to their shareholders.
  • Shareholders of a Corporation are personally liable for the debts and liabilities of the Corporation only to the extent of their capital contribution.
  • The Shareholders of the corporation elect the Directors. The Directors are responsible for managing the affairs of the corporation.
  • Shareholders receive profits from their ownership interest through dividends, redemption of shares, or the repurchase of shares by the corporation.

  • Don't miss out on the advantages of incorporation simply because an attorney charges too much. Incorporate with us for a small fraction of the price.
  • Incorporation is easy with our secure, online order forms which require little or no processing of paperwork on your part.
  • How you set up your business should make it easier to achieve your goals, lower your taxes, and limit your liability.
  • Whether your Midwestern or Southwestern business is just getting started, or it is time to reorganize an ongoing operation, we can help you incorporate online now.

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Disclaimer - Not Providing Legal Services - Proactive Management, Inc. presents the material on this site as general information only. It is not offered as and does not constitute legal advice or legal opinion and should not serve as a substitute for advice from an attorney or accountant familiar with the facts of your specific situation. We provide business formation services. We are not a law firm and do not provide legal or tax advice or services. We make no warranty, express or implied concerning the accuracy or reliability of the content at this site or at other sites to which we link.