Jim is a corporate and tax lawyer and in such capacities has done a significant amount of merger and acquisition work in the public and private sectors. Participating in numerous business transactions, has supplemented his estate planning and esta...
Practice areas & skills: Corporate & Incorporation, Tax, Estate Planning
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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.