What must I do to maintain my corporate “shield”?
Many people form corporations or LLC’s to insulate themselves from personal exposure if things go wrong inside the business. If the entity has not observed and complied with all of the ongoing formalities required under law for that type of entity, that is the ammunition that creditors can use to break through the protective wall and to pursue the owners individually. And these obligations are ongoing. We offer monitoring all of our clients’ periodic compliance and reporting to help assure that the entity is doing the job it was designed to do. Anybody can form a corporation….then what??