Most people recognize the role of counsel when engaging in business.
The attorney should be deeply involved in every phase of the formation and growth of the business. The corporation is formed by filing the articles of incorporation. It must be signed by each of the incorporators and each of the initial directors named in the articles of incorporation. It is vital that the officers and directors of the corporation understand and follow the corporate formalities so that the corporate veil can never be pierced. There are also many other tasks that have to be completed shortly after incorporating- filing the Statement by Domestic Stock Corporation within 90 days after filing the initial articles, election to be a Subchapter S corporation, which must be filed by the 15th day of the 3rd month of the corporation's taxable year.