Law in Brief: Formation and Key Concepts of Corporations ...

What this episode covers

Corporations and LLCs are two common types of business entities. Corporations are formed by filing articles of incorporation with the Secretary of State. They are characterized by limited liability, separate legal entity status, perpetual existence, and double taxation. LLCs are formed by filing articles of organization with the Secretary of State. They are characterized by limited liability, pass-through taxation, and flexible management.

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Frequently Asked Questions

How long is this episode of Law School?

This episode is 39 minutes long.

When was this Law School episode published?

This episode was published on January 15, 2025.

What is this episode about?

Corporations and LLCs are two common types of business entities. Corporations are formed by filing articles of incorporation with the Secretary of State. They are characterized by limited liability, separate legal entity status, perpetual existence,...

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