Attorneys

Business & Corporations FAQs

• Q: What are the advantages to a Corporation?
  A: There are several advantages to organizing your business as a formal corporation. A corporation is a separate legal entity that is distinct from its individual … More
• Q: What are the advantages to a Sole Proprietorship?
  A: A sole proprietorship is a business that is owned by an individual and that is not formed pursuant to any special legal construct, such as a limited liability … More
• Q: What is an "S" corporation?
  A: There are several different types of corporations from which business owners can choose when they initially set up their business. One type of corporation is an … More
• Q: What is a "C" Corporation?
  A: A C corporation is the most common type of corporation. The “C” refers to the subchapter of the Internal Revenue Code which explains the rules of … More
• Q: What is equity financing?
  A: Businesses are usually expensive to open and operate and many businesses need investors in order to make the business successful. One way in which business … More
• Q: What is debt financing?
  A: Debt financing is a way for businesses to get the capital that they need to open or to operate an existing business. Debt financing is when a person, business, bank … More
• Q: What steps are required to form a corporation?
  A: A corporation is a legal entity with a corporate charter from a state. To form a corporation, the following simple steps are required: 1.  Select a name for your … More
• Q: What steps are required to form an LLC?
  A: To form a limited liability company, the following simple steps are required: 1.  Select a name in accordance with the state’s rules regarding limited … More
• Q: What Is Limited Liabilty?
  A: Limited liability is a principle of business law which shields the owners of a business from the business's liabilities.  Owners of a business which … More
• Q: What are the advantages of a corporation?
  A: Forming a business as a corporation offers many advantages over a sole proprietorship or other entity types.  The corporate form gives the owners (called the … More