A corporation differs from the simpler forms of structuring a business in a very important way:  the corporation is recognized to be a unique, stand-alone entity, completely separate form the individuals who own it.  Corporations are given the right to exist by the state that issues their charter.  If a corporation wants to do business in a state other than the one that they are chartered in, they have to file for qualification in that state.
 
A business can incorporate by filing articles of incorporation with the appropriate agency in their state.  Each state will usually require each corporation to have its own unique name.
 
There are specific rules that a corporation must adhere to in order to maintain its’ status as a corporation. 
 
Note:  Please consult with your legal and financial counsel prior to establishing your business structure in order to ensure proper compliance with applicable rules and laws.
 
For more detailed information about this type of business structure including how to set up your business structure, tax information and more, please join StartUpPuppy.com.