Forming a Corporation

Forming a corporation involves creating a legal entity separate from its owners, providing limited liability protection. The process typically includes choosing a business name, filing articles of incorporation with the state, and paying a fee. Corporations must follow regulations, hold regular meetings, and keep detailed records. Once established, the corporation can raise funds by selling shares, hire employees, and enter contracts. This structure is often chosen for its potential tax advantages and ability to attract investors, as well as to protect personal assets from business debts.