Lilia Baialardo is an associate attorney at Davidow, Davidow, Siegel & Stern, LLP. Her areas of practice include Probate and Trust & Estate Administration, Elder Law, Estate Tax, Estate Planning, Business Law, Real Estate, Medicaid, and Guardiansh...
Practice areas & skills: Corporate & Incorporation, Estate Planning, Elder Law, Limited Liability Company (LLC), Probate
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A corporation is a formal way to organize your business to gain rights and privileges, and to limit your personal liability. There may be tax and financial advantages to incorporation, but it can also increase your business licensing fees and decrease the amount of personal control you have in running your business. There are many legal consequences to incorporation, so it's a good idea to consult an attorney specializing in corporate law. A corporate attorney also represents shareholders unhappy with the actions of a corporation.