Corporations are structured on the idea that control and ownership can be separate. Owners are called shareholders and they may or may not be involved in the day-to-day operations of the company. Ownership of the business is tracked by shares, with each share corresponding to a defined portion of control of the business and entitlement to profits.
Many well-known companies are Corporations. Any individual can own shares at one of these companies without having any responsibility for working there. Features of a Corporation include:
Corporations provide limited liability because shareholders are generally not individually liable for the debts and obligations of the company.

• Corporations must pay corporate taxes on their own profits (and have extensive filing obligations). Shareholders are taxed separately, if the company distributes dividends to them (or if it pays them a salary, in the case of employee owners).
• Corporations are most suitable for investments/investors because their structure is designed to distribute ownership. Corporations adhere to a standard structure for the distribution of options to buy that stock, which can then be used to attract, retain, and incentivize key talent, contributing to the success of the business.

• State filing fees
• Certificate of Incorporation
• EIN number (Tax ID)
• Bylaws for your corporation