Corporate law is a vast body of law spanning dozens of detailed areas. This guide is not intended to be a review of all of those areas, nor is it a substitute for legal advice. This guide is intended to be is an overview of some of the most common areas of corporate law that entrepreneurs and business owners encounter. Think of it as an atlas rather than a roadmap; our goal is to help you identify areas of the law that may impact your business, either in the short term or down the road. This may sound like we’re just stating the obvious, by often times the law works in unexpected ways, and if you aren’t aware of the legal landscape it can have serious consequences for you and your business.
DISCLAIMER (because we are lawyers after all): Please bear in mind that the laws governing business entities are almost entirely state-specific, and while there are many similarities between the state laws, the differences can be quite important and have a major impact on how your business is treated. We encourage everyone to seek specific guidance and assistance with their own business needs from qualified professionals, and we’d be happy to refer you to some excellent accountants for tax advice as you consider forming or changing a corporate entity.
We will begin with perhaps the most basic considerations for anyone running or just starting a business: the principle of agency, and the selection of a corporate entity.