Laws of Corporations

One of the most consistently dynamic business entities is the Corporation. A Corporation is the most secure entity in business, offering tremendous flexibility and advantages that generally outweigh all other business entities.

Because a Corporation is considered a 'person' with rights of its own under the law, a stockholder (owner or partial owner) is a holder of shares of stock in the Corporation and is not in legal danger for the acts of the Corporation.

A Corporation

Allows for limited liability.
Can run on a fiscal year rather than on a calendar year, designated by the board of directors.
Nevada requires no disclosure of Corporation owners.
Profits taxed at Corporation rates on an 1120 return separate from the individual return.
Profits can be kept as retained earnings.

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