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A corporation is a business that is recognized as its own legal entity, separating the individuals who own shares in the company from the company itself. Corporations are formed by filing Articles of Incorporation with the state and are run by a board of directors and company officers. One of the biggest advantages of a corporation is limited liability, where shareholders are not personally liable for the company’s debt or legal issues.

Corporations can raise money by issuing stock; they can make a profit and be taxed. They can continue to exist even if ownership changes and are often seen as more credible to banks and investors. However, they do come with formal requirements like having bylaws, holding meetings and keeping detailed records.

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Scope of Services

TCLG has proudly represented and advised hundreds of companies on their corporate governance needs. Our firm can do the same for your company! Here are some of the corporate structure and governance services our firm offers: