Tag Archives: incorporation lawyers Jackson MS
The process of a business becoming a corporation is called incorporation. Prior to this, an organization is viewed as a single entity. Once the business is incorporated, it’s treated differently in terms of tax consequences and liability factors.
It’s important to contact incorporation lawyers for legal advice regarding this process. Laws vary based on the jurisdiction, the type of corporation and whether you are forming a new business or purchasing an existing business concern.
Types of Corporations
There are different types of corporations that your business may incorporate under. Some of the most common include:
- Business corporation - C Corporation
- Non-profit corporation - 501(c)(3)
- Subchapter S Corporation
- Professional corporation
- Public corporation
A lawyer can help you choose which type of incorporation is best for your business. The factors that are taken into consideration are the purpose of your business, how your income will be taxed and whether... Read More