Forming a corporation or a limited liability company is a highly technical legal process. It requires more than filling in blanks on prefabricated forms and putting them in the mail. People frequently fail to observe the necessary corporate formalities. Failure to comply with corporate formalities may subject allow the corporate veil to be pierced by outside creditors, thus creating personal liability to the shareholders.
Incorporating mistakes can be especially dangerous because it frequently remains undiscovered until after legal problems arise. The result is that persons who thought that a corporate structure protected them discover they are personally liable for their corporation's debts and actions.
It is impossible to overstate the importance of following all of the legal formalities and procedures when forming your own company or corporation. These formalities and rules vary depending on the individual circumstances surrounding each formation. Preprinted forms and do-it-yourself kits are unable to tailor themselves to each situation, leaving members exposed. That is why it is essential to have personalized legal assistance when forming a corporation or limited liability company. We can ensure that your corporation or limited liability company is properly structured around your needs and requirements, giving you the security and peace of mind that you have complied with all rules and regulations of the Secretary of State. |
