Craig R. Welch is a Partner at Lacy Katzen and Chair of the Corporate, Business, and Banking Law Practice Group. For over 35 years, Craig has represented clients with diverse legal needs that typically involve issues with a variety of practice ar...
Practice areas & skills: Corporate & Incorporation, Estate Planning, Real Estate, General Practice
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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.