PRACTICE AREAS
CORPORATE LAW

McCallar Law firm can help you form a corporation, restructure a corporation, create contracts and litigate your interests in court.

 

CORPORATION BASICS

A corporation is a legal entity created through the laws of its state of incorporation. Individual states have the power to promulgate laws relating to the creation, organization and dissolution of corporations. Many states follow the Model Business Corporation Act.  State corporation laws require articles of incorporation to document the corporation's creation and to provide provisions regarding the management of internal affairs.


Most state corporation statutes also operate under the assumption that each corporation will adopt bylaws to define the rights and obligations of officers, persons and groups within its structure. States also have registration laws requiring corporations that incorporate in other states to request permission to do in-state business.

There has also been a significant component of Federal corporations law since Congress passed the Securities Act of 1933, which regulates how corporate securities are issued and sold. Federal securities law also governs requirements of fiduciary conduct such as requiring corporations to make full disclosures to shareholders and investors.

The law treats a corporation as a legal "person" that has standing to sue and be sued, distinct from its stockholders. The legal independence of a corporation prevents shareholders from being personally liable for corporate debts. It also allows stockholders to sue the corporation through a derivative suit and makes ownership in the company (shares) easily transferable. The legal "person" status of corporations gives the business perpetual life; deaths of officials or stockholders do not alter the corporation's structure.

Corporations are taxable entities that fall under a different scheme from individuals. Although corporations have a "double tax" problem --both corporate profits and shareholder dividends are taxed -- corporate profits are taxed at a lower rate than rates for individuals.

Corporate law has important intersections with contracts and commercial transactions law.

CONTACT US IF YOU NEED ASSISTANCE WITH ISSUES
PERTAINING TO CORPORATE LAW.
Call us or EMAIL

115  West Oglethorpe Avenue
P.O. Box 9026
Savannah, Georgia 31412

Phone: 912-234-1215
Fax: 912-236-7549

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Practice Areas   :   Bankruptcy Law   |   Corporate Law   |   Civil Litigation   |   Arbitration
Our Attorneys   :   C. James McCallar, Jr.  |  Tiffany E. Caron
The Coastal Bankruptcy Law Institute


DISCLAIMER:

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.