Why create a Corporation in New Jersey?
Businesses today are increasingly more susceptible to business risk and liability as a result of operating business under a sole proprietorship. In order to reduce business risk and to protect personal assets from any litigation, many individuals are beginning to see the benefits of forming a Corporation. Forming a corporation is the best way to protect your personal assets from litigation. The corporation in essence exists separate from that of its owners and share holders. Therefore, typically shareholders are not liable for debts and obligations incurred by the Corporation.
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