Business corporations control the largest proportion of the wealth and business of our country Originally called societies, corporate personality was recognized as far back as 1754 B.C. in the law of the Babylonian Empire, four thousand years ago, as well as by the Roman law. Modern corporations have 6 distinct characteristics. They are: (1) It…
Transferring an existing business to a corporate form Whether the corporation is formed before or after the beginning of business operations does not affect the six corporate characteristics as between the owners and managers, but it can have an effect on the relationship of these persons to third parties. This can occur in several ways:…
Attorney Gurdin can assist you with any of the following business matters: • Entity formation: C-corp, S-corp, general partnerships, LLC (limited liability company), LLP (limited liability partnerships) • Corporate bylaws, LLC operating agreements • Non-profit formations, partnerships, sole proprietorships • Subsidiary business formations • Joint ventures • Mergers and acquisitions • Business representation • Employment…
Bankruptcy Clients Repair Credit: How Long Will a Bankruptcy Be on My Credit Report? A bankruptcy filing will remain on your credit report for around 10 years. However, your credit score will begin improving immediately after filing as you begin to clear your debts and start from scratch. Let the Wilkes-Barre, Pennsylvania Law Office of…
Got an Ideal but Don’t Want to Risk it All? In some cases a corporation will not replace the preexisting business but will merely enhance the existing business and assist it in pursuing its markets, or entering into new markets, while limiting the exposure of the existing business to the risks of these new markets….
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