Vero Beach Corporation Lawyers

Experienced Vero Beach Florida Corporation Lawyers

There are many different ways to structure a business. The common choices are to either use a sole proprietorship, a partnership, or a corporation. There are pros and cons to all types of business structures.

Lulich & Attorneys Vero Beach Lawyer Team
Lulich & Attorneys Vero Beach Corporation Lawyers

What are some of the advantages of a corporate structure?

Corporations can be used for most types of business. Corporations are business structures that are generally independent from their owners. Corporations have a fiduciary duty to act in the best interests of the shareholders.

The main reason people consider creating a corporation is that corporations can protect the owners from personal liability. Generally, if the corporation complies with the proper formalities and the contracts are handled properly, creditors normally can only file a claim against the corporation. Creditors generally cannot file a claim against the owners of the corporation unless the owners agreed to be responsible for the contracts, purchases, debts, or other financial transactions that resulted in the creditor’s claim.

It’s generally easier to transfer control of a corporation. A corporation has perpetual life – unless it dissolves. Generally, corporate control is transferred when the shares of stock are sold or transferred to other individuals. A majority of stockholders generally control the right to manage the business.

It’s normally easier for a corporation to raise capital than it is for partnerships and proprietorships.

What are some of the disadvantages of a corporate structure?

There are specific corporate requirements that must be met. A corporation must properly file legal documents with the Florida Department of State – Division of Corporations. The corporation must appoint officials to manage its business. There must be corporate bylaws. Corporations must conduct regular meetings.

There are many additional state requirements and federal requirements depending on the type of corporation, the types of stock that are issued, and many other factors.

Corporations must file separate corporate tax returns. The income of a corporation that passes through to an individual is taxed twice.

Corporations that do business in states outside of Florida can normally be sued wherever they do business.

At Lulich & Attorneys, our Vero Beach and Sebastian corporation lawyers understand the advantages and disadvantages of using a corporate structure as compared to other business structures. We understand the requirements for forming a corporation, maintaining a corporation, and dissolving a corporation. To discuss how a corporate structure can benefit your business and corporate compliance issues, call our Indian River County financial lawyers at 772-589-5500 or fill out our contact form to schedule an appointment.

Lulich & Attorneys Vero Beach Office

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Lulich & Attorneys
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Judyanne Peltz
Judyanne Peltz
04:36 17 Sep 22
The lawyers and entire staff went way above and beyond to assist me with my... Probate case.Their expertise and knowledge is admirable! They are dedicated to providing their best to their clients. I would not hesitate to recommend the lawfirm of Lulich & Attorneys to anyone within hearing distance!read more
Donna Zappala
Donna Zappala
16:02 29 Aug 22
After an unexpected death in my family and being thrust into the personal... representative position, Lulich & Attorneys came to my rescue! They handled everything and walked me through the entire burdensome process. I must recognize Jayne Evol, who provided me with the utmost support one could ask for in this situation. Not only did she keep me informed, but listened to the variety of issues that seem to come up almost daily and calmly walked me through the entire process. Their real estate department handled the remote closing for the sale of the estate's home, which was located in another county with ease. Thank you to everyone at Lulich and Attorneys for all you did to help me in this difficult time!read more
adam
adam
21:22 07 Aug 22
This is 5 star legal business! Great attorneys who respond to ALL your... questions quickly (Jordan and Jeremiah). Staff member are second to none, friendly, always there for clients, willing to stay after hours if necessary!read more
Travis Beckett
Travis Beckett
15:15 01 Aug 22
I needed some lawyering done recently, and Jordan and his team were all over... it. He was quick to get on the ball, had a contract specialist on hand to consult, and billed me very fairly. He's also a great guy! 11/10 would hire again.read more
Ron Sheppard
Ron Sheppard
21:10 07 Jun 22
Steve Lulich along with his son and staff did an excellent job handling my... estate probate case. Open and closed in six months. No surprises or grief.Highly suggest using this firm for any probate litigation.read more
Team Rambala
Team Rambala
12:47 27 May 22
Great Office and Great Staff. Jordan is always available to answer a quick... question and extremely informative for our clients and their Real Estate or Legal needs. Highly recommend Lulich & Attorneysread more
LovetoServe Inc.
LovetoServe Inc.
02:10 27 May 22
Lulich & Attorneys has always been professional and reliable when giving us... advice for our nonprofit organization! They also show great care and involvement in the community!read more
Antonieta Pugliese
Antonieta Pugliese
01:50 27 May 22
We’ve used Lulich & Attorneys for our Real Estate investing transactions.... Communication is key and they have delivered every single time. We feel very comfortable every time we’re using their services because they’re very knowledgeable and we trust them.read more
Sherri Sproch
Sherri Sproch
01:44 27 May 22
Jordan Lulich, Esq. is very community minded and pro-active bringing the real... estate community together with his informative breakfast and after- hours meetings. Once you meet him, you will understand his success. He is approachable and his responsiveness to clients' needs are just a few of his remarkable characteristics. He is rapidly receiving rave reviews throughout the community and so well deserved.read more
Jayne Evol
Jayne Evol
14:19 08 Apr 22
Smooth sailing on my refi! Thank you Real Estate team!
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