Business Corporations

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In Massachusetts, business corporations are created and exist under G.L. Chapter 156D. Generally the advantages of the corporate structure include: flexibility in the transfer of ownership interests, centralized management, and a shield against personal liability for the owners of the corporations or stockholders provided that the owners, themselves, respect the separate identity of the corporation. Different types of corporations, such as a so-called “C” corporation and a “Sub Chapter S” corporation have different advantages and disadvantages which should be fully explained to you by a knowledgeable attorney as part of the incorporating process.

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