The legal implications of a business formation
Posted on Friday, October 30th, 2009 at 4:13 am
When people decide to form a business, then they should consider some important legal implications. One of the most important is the issue of limited liability.
Under some types of entities, owners of the business have limited liability. This means that their personal assets are likely protected against business creditors. Such entities include corporations, whereby the shareholders are protected against creditor's calls on debt.
If you or anyone you know is considering forming a buisness, contact the Des Moines business lawyers of LaMarca Law Group, P.C., at (877) 327-2600.