What is a Corporation and how is it formed in the United States?
A corporation is a legal entity that exists separately from its owners and offers limited liability. This limited protection is often referred to as the corporate Veil. A corporation needs to follow proper corporate formalities and capitalization requirements to protect the separation of the entity from its owners. A corporation is formed by properly filing completed Articles of Incorporation with the correct State Authorities and the payment of all fees. Basic articles include the Name and Address of the Corporation, the Nature of Business, Capital Stock and Limitation of Liability.
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