incorporation service


 


  

  

  

  

incorporation service

Incorporation (abbreviated Inc. in U. S. business names) is the forming of a new corporation. The corporation may be a business, a non-profit organization or even a government of a new city or town. Unitrust Capital Corp. This article focuses on the process of incorporation, see also corporation.

Incorporation in the United States

Legal benefits

Protection of personal assets. Safeguarding personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the liabilities of a business such as loans, accounts payable, and legal judgements. In a corporation, however, stockholders, directors and officers typically are not liable for their company's debts and obligations. Incorporation services at affordable prices. They are limited in liability to the amount they have invested in the corporation (eg: If $100 in stock was purchased, no more than $100 can be lost). Corporations and Limited Liability Companies (LLCs) may also hold personal assets like houses, cars or boats. If one is personally involved in a lawsuit or bankruptcy, these assets may be protected. A creditor of the owner of a corporation or LLC cannot seize the assets of the company, however, they can seize their ownership shares in the corporation, as that is considered a personal asset. Transferable ownership. Affordable online business incorporation for the State of Texas. Ownership in a corporation or LLC is easily transferable to others, either in whole or in part.
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