Business formation is serious for a company whether sole proprietorship, partnership or corporation. Oftentimes persons start a business without providing the appropriate structures in place for the proper operations. For instance, persons think that filling out forms and submitting them to the Secretary of State forms the corporation. But that's only the beginning. The corporation must perform other steps to be legitimate in protecting itself against creditors - the main purpose of a corporation is to have a "corporate shield" to protect the individual officers and shareholders from creditor liability. If the corporation is not formed properly, then the corporate shield can be pierced providing an entry for the creditors to collect from the individual officers and shareholders. There are different types of corporations, and Partnership requires different Secretary of State forms and agreements.

Frazee/Laron can provide the legal services and documentation preparation to ensure protection of the individual. Please contact us today for a free initial consultation.