What Types of Corporations Are There?

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What Types of Corporations Are There?

There are many different types of corporations. Depending on the nature of the business, a company may choose one type of corporate form over others. The different types of corporations exist in order to address various needs of businesses, and to make it easier for them to accomplish specific business goals. Some different types of corporations include:

There are many other types of corporations; these are just a few of the main types of corporate forms that are commonly chosen.

Why Should a Business Incorporate?

There are several advantages to incorporation, including:

On the other hand, there can be a few setbacks and disadvantages regarding the corporation process. One of these is that the process can often be complicated and lengthy. Some smaller businesses may wish to choose a simpler business structure like a partnership or a sole proprietorship.

Do I Need a Lawyer for Help with Corporation Legal Issues?

Filing for incorporation can sometimes be a complicated process. You want to make sure that you’re choosing the right type of corporation for your company’s goals. It’s in your best interests to hire a qualified business law attorney if you need assistance with any filing or incorporation matters. Your lawyer can help you review all the different options that are available. Also, in the event of a dispute or a legal conflict, your attorney can help you file a lawsuit if needed.

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Last Modified: 09-30-2013 10:35 AM PDT

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