Corporations

Although corporations may be subject to most formalities (takes about 4 hours per year to conform), they may be in many cases the simplest and least expensive entity to form, primarily because the parties need not negotiate an agreement amongst themselves about governing structure and operation of corporation, but may instead rely on the provisions of the General Corporations Law.

After formation directors must be elected by the shareholders or appointed by the initial incorporator, officers must be appointed by directors, bylaws must be prepared and adopted, and shares of stock issued to the shareholders. Within 90 days after fling articles of incorporation, a corporation must file with the Secretary of State a Statement of Domestic Stock Corporation. A corporation does not pay $800 franchise tax during its first year of operation. As for protecting your personal assets from liability for corporate acts, there is a big body of case law showing that a corporation complying with the state law offers excellent protection from personal liability. This is not yet the case with LLC’s.

image
Areas of Practice:
Bankruptcy
Business Organizations
Business Torts
Commercial Law & Contracts
Debtor/Creditor
Intellectual Property
Mergers & Acquisitions
Science, Computers, & Tech
Wills, Trusts & Estate Planning

About Us:
We take pride in providing personalized legal services for your individual or business needs. Our practice includes: business start up and funding, business buying and selling, business succession planning, business reorganization, estate planning, power of attorney, end of life decisions, lawsuit protection and debt settlement or consolidation. We are also intellectual property attorneys with experience in electrical, software, mechanical and biotech technologies.
About Tony Delas
 

Disclaimer

This website is intended for educational and informational purposes only. The information contained on this website is not intended as a source of legal advice. You should not act upon or rely on information at this or any other website without the advice of competent counsel, especially if you reside outside the State of California, where we are not licensed to practice law and don't give advice. This information may not have been updated to reflect subsequent changes in the law, if any. Your particular facts and circumstances, and any changes in the law, must be considered to determine appropriate legal advice. Always consult with a competent attorney, licensed in your state, to discuss your particular situation. Nothing provided by this website is intended to create an attorney-client relationship. Sending e-mail to this firm or to an attorney at this firm will not create an attorney-client relationship, i.e., it does not mean that we have agreed to represent you. This website is intended for educational and informational purposes only.
©Copyright 2012-2013 T.D. Law All Rights Reserved Top of Page ©Janssen & Associates 2012 Janssen & Associates