Times change. Prior to the Civil War, many US corporations were “mixed enterprises” from a legal standpoint. Financed with a combination of public funds and private investments, they functioned partly as public agencies and partly as private companies.
Estate planning isn’t only to leave directions for your heirs. Attorneys with expertise in estate planning can help you to determine the options for long-term care if that becomes a necessity as you get older, and how to pay for those options.
People often ask if they even need an attorney if they’ve been injured in any way. In order to adequately protect your interests, yes, in many cases it will be in your best interests to hire one.
Why enter a battle unarmed? If your business is facing a court matter, you can be sure your adversary will have hired legal representation, putting you at a disadvantage. If the opponent does not have an attorney, legal assistance gives you a decided advantage.