Tuesday, July 27, 2010

WHICH CORPORATION IS BEST FOR YOU

What is a corporation.
Black's Law Dictionary defines corporations as follows.
'An artificial person or legal entity,by or under the authority of,the law of a state or nation,composed,in some rare instances,of a single person and his successors,being incumbents of a particular office,but ordinarily consisting of an association of numerous individuals,who subsist as a body politic under a special denomination, which is regarded in law as having a personality and existence distinct from that of its several members."
THE CORPORATE BUSINESS STRUCTURE.
A corporation is a seperate entity from its owners,directors and officers and they generally are not inlegal danger for the acts of the corporation.
This seperation is important,considering the many lawsuits in the last few years.
The existence of the corporation is not affected by the death or bankrupsy of the owners or officers of the corporation.
The point is, you can live anywhere in the world and own a Nevada Corporation.

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