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There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
To incorporate a company in the UK, the following documents, together with the registration fee, [8] must be sent to the Registrar of Companies: Form IN01; The articles of association; The memorandum of association; The memorandum of association states the name of the company, the registered office and the company objectives.
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The US Constitution was interpreted by the US Supreme Court to allow corporations to incorporate in the state of their choice, regardless of where their headquarters are. Over the 20th century, most major corporations incorporated under the Delaware General Corporation Law , which offered lower corporate taxes, fewer shareholder rights against ...
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Unlike many other states, the corporation does not have to do business nor do any of the owners have to be a resident in the state to incorporate there. [22] Wyoming: The standard filing fees owed in the process of incorporating are zero in Wyoming, and the only fee owed is minimal compared to other states. [21]
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