Jay W. Waldman is the President and founder of the law firm Waldman Law Group, P.C. Mr. Waldman concentrates his practice on banking law, business law, commercial law, mergers and acquisitions, securities law, estate planning, estate administratio...
Practice areas & skills: Corporate & Incorporation, Business, Estate Planning, Mergers & Acquisitions, Securities Offerings
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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.