A corporation is formed when you file articles of incorporation with the secretary of state. Unlike a sole proprietorship or general partnership a corporations’s owner (shareholders) are protected from individual liability and will not personally be liable for corporate debt, negligence, or breaches of contact, provided the corporation has been properly maintained
A corporation is the most enduring legal business structure; it continues on regardless of what happens to its individual directors, officers, managers or shareholders. If a sole proprietor or partner dies, the business may automatically end, or it may become involve in various legal entanglements. Corporations can have unlimited life, extending beyond the illness or death of its owners.