Corporations Attorneys in Clarksville, Tennessee
One legal entity which can protect assets is a standard Corporation recognized by the Tennessee Code Annotated. A Corporation can provide a bar to liability, above and beyond those assets within the corporation that could potentially be exposed to a collection action. An examination of the tax implications of corporations, which can result in taxation of excessive profits, is important. However, Corporation provides a vehicle for individuals to engage in business, yet have limited liability, as they conduct their business.