This is the first serious, but nontechnical, book on the subject for business people and professionals in general practice. Explains the process of incorporating and the issues to be confronted by the incorporators and their advisors. Provides information about the choices available to the corporation and the ramifications of each particular choice, and explains to corporate officers and directors their duties to their corporation. Also discusses the tax consequences of incorporation, including the impact of the Tax Reform Act of 1986. Contains many examples and sample forms. Chapters cover what a corporation is, choice of form, financial structure, dividends, considerations of corporate control, articles of incorporation, and much more.
Michael Diamond is Professor of Law at Georgetown University Law Center where he is the Director of Georgetown’s Harrison Institute for Housing and Community Development and directs its Housing and Community Development Clinic. He also teaches Corporations and Property. He has published extensively on these and related subjects.