INCORPORATE OR FILE A

A corporation is a legal business entity which is given many of the same legal rights as an individual. Corporations are formed in order to grant the actual people involved in the business of the corporation limited liability protection. This limited liability protection is one of the many advantages to incorporating. A corporation is incorporated (or formed) under the laws of particular state or country. The corporation is then governed by the laws of that particular state or country. Corporations are owned by shareholders and a board of directors usually makes most of the major decisions... A limited liability company or L.L.C. is not a corporation. Although some individuals often incorrectly believe the abbreviation "L.L.C." stands for "limited liability corporation", it does not. The abbreviation "L.L.C." stands for "limited liability company". A limited liability company is a hybrid business entity having characteristics of both a corporation and a partnership. It is similar to a..

Also known as: Incorporate or File a Limited