What is a Corporation?
1. A Corporation ("Corporation ") is a separate State Created legal entity created by filing a certificate and executing Corporation bylaws.
2. An Corporation is owned by its members holding shares, or stock certificates. Owners of an Corporation are shareholders of a corporation.
3. What are the Advantages of an Corporation?
It avoids personal liability for corporate actions and saves on taxes.
The shareholder's liability is generally limited to the amount of shares invested in the Corporation .