Protecting Your Business

We routinely assist with forming business entities to help our clients organize their business interests and shield them from personal liability. The four defining characteristics of the modern corporation are:

1. Separate legal personality of the corporation (access to tort and contract law in a manner similar to a person)
2. Limited liability of the shareholders (a shareholder’s personal liability is limited to the value of their shares in the corporation)
3. Shares or membership units (typically in the Limited Liability Company); and
4. Delegated management; the board of directors delegates day-to-day management of the company to executives.